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Table of Contents
Schedule of Investments
AllianzGI Retirement 2020 Fund
December 31, 2019 (unaudited)
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Shares |
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Value^ |
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|
MUTUAL FUNDS (a)92.9% |
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|
|
|
|
|
|
|
AllianzGI Advanced Core Bond |
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|
221,790 |
|
|
$ |
3,313,543 |
|
AllianzGI Emerging Markets Small-Cap (b) |
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|
5,877 |
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|
99,446 |
|
AllianzGI Emerging Markets SRI Debt (b) |
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|
11,282 |
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|
158,169 |
|
AllianzGI Global Dynamic Allocation (c) |
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|
596,332 |
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|
10,978,481 |
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|
|
|
|
|
|
|
|
|
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|
Total Mutual Funds (cost$14,343,275) |
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14,549,639 |
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|
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EXCHANGE-TRADED FUNDS2.9% |
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Invesco DB Gold |
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|
3,403 |
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|
154,020 |
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Vanguard Mortgage-Backed Securities |
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5,739 |
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305,142 |
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Total Exchange-Traded Funds (cost$442,655) |
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459,162 |
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Principal Amount (000s) |
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Value^ |
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Repurchase Agreements2.8% |
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State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $433,006; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $441,712 including accrued interest (cost$433,000) |
|
$ |
433 |
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|
$ |
433,000 |
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Total Investments (cost$15,218,930)98.6% |
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15,441,801 |
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Other assets less liabilities (d)1.4% |
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215,911 |
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Net Assets100.0% |
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$ |
15,657,712 |
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Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
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Type |
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Contracts |
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Expiration Date |
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Notional Amount (000s) |
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Market Value (000s) |
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Unrealized Appreciation (Depreciation) |
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Long position contracts: |
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2-Year U.S. Treasury Note |
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6 |
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3/31/20 |
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$ |
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1,200 |
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$ |
1,293 |
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|
$ |
(1,182 |
) |
5-Year U.S. Treasury Note |
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6 |
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3/31/20 |
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600 |
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712 |
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(198 |
) |
10-Year U.S. Treasury Note |
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2 |
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3/20/20 |
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200 |
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257 |
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|
(2,252 |
) |
CBOE SPX Volatility Index |
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1 |
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|
1/22/20 |
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1 |
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15 |
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(2,208 |
) |
E-mini Russell 2000 Index |
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3 |
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3/20/20 |
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(f) |
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250 |
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3,408 |
|
Euro-Bund 10-Year Bond |
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3 |
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3/6/20 |
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EUR |
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300 |
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574 |
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(5,691 |
) |
Euro Currency |
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2 |
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3/16/20 |
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$ |
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|
250 |
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|
282 |
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3,655 |
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Japanese Yen |
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2 |
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3/16/20 |
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3 |
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231 |
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(429 |
) |
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$ |
(4,897 |
) |
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Short position contracts: |
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10-Year Ultra U.S. Treasury Bond |
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(1 |
) |
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3/20/20 |
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|
$ |
|
|
(100 |
) |
|
$ |
(141 |
) |
|
$ |
1,678 |
|
E-mini S&P 500 Index |
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|
(2 |
) |
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3/20/20 |
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( |
)(f) |
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(323 |
) |
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(4,567 |
) |
Euro Buxl 30-Year Bond |
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(1 |
) |
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3/6/20 |
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EUR |
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(100 |
) |
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(223 |
) |
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6,056 |
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Mexican Peso |
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(6 |
) |
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3/16/20 |
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$ |
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(3,000 |
) |
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(157 |
) |
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(3,076 |
) |
Mini MSCI Emerging Markets Index |
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(7 |
) |
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|
3/20/20 |
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|
( |
)(f) |
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(392 |
) |
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(11,076 |
) |
MSCI EAFE Index |
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(11 |
) |
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3/20/20 |
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(1 |
) |
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(1,120 |
) |
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(8,820 |
) |
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$ |
(19,805 |
) |
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$ |
(24,702 |
) |
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(e) |
At December 31, 2019, the Fund pledged $228,428 in cash as collateral for futures contracts. |
(f) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
Schedule of Investments
AllianzGI Retirement 2025 Fund
December 31, 2019 (unaudited)
|
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|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)92.1% |
|
|
|
|
|
|
|
|
AllianzGI Advanced Core Bond |
|
|
85,483 |
|
|
$ |
1,277,119 |
|
AllianzGI Emerging Markets Small-Cap (b) |
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|
8,315 |
|
|
|
140,696 |
|
AllianzGI Global Dynamic Allocation (c) |
|
|
969,720 |
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|
17,852,547 |
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|
Total Mutual Funds (cost$19,034,772) |
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|
|
19,270,362 |
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|
|
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|
EXCHANGE-TRADED FUNDS2.4% |
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|
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|
Invesco DB Gold |
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|
5,555 |
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|
251,419 |
|
iShares TIPS Bond |
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2,151 |
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250,742 |
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|
Total Exchange-Traded Funds (cost$497,068) |
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|
502,161 |
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Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements2.4% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $505,007; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $519,661 including accrued interest (cost$505,000) |
|
$ |
505 |
|
|
$ |
505,000 |
|
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|
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|
Total Investments (cost$20,036,840)96.9% |
|
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|
20,277,523 |
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|
Other assets less liabilities (d)3.1% |
|
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|
639,271 |
|
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|
Net Assets100.0% |
|
|
$ |
20,916,794 |
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|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
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|
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|
|
|
|
|
|
|
|
|
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|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
9 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
1,800 |
|
|
$ |
1,939 |
|
|
$ |
(1,773 |
) |
5-Year U.S. Treasury Note |
|
|
8 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
800 |
|
|
|
949 |
|
|
|
(264 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,208 |
) |
E-mini Russell 2000 Index |
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|
4 |
|
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|
3/20/20 |
|
|
|
|
|
|
|
|
(f) |
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|
334 |
|
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|
4,545 |
|
Euro-Bund 10-Year Bond |
|
|
3 |
|
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
300 |
|
|
|
574 |
|
|
|
(5,690 |
) |
Euro Currency |
|
|
3 |
|
|
|
3/16/20 |
|
|
|
$ |
|
|
|
375 |
|
|
|
423 |
|
|
|
5,482 |
|
Japanese Yen |
|
|
3 |
|
|
|
3/16/20 |
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|
|
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|
4 |
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|
347 |
|
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|
(646 |
) |
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$ |
(554 |
) |
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Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(1 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(100 |
) |
|
$ |
(141 |
) |
|
$ |
1,679 |
|
E-mini S&P 500 Index |
|
|
(1 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(f) |
|
|
(161 |
) |
|
|
(1,556 |
) |
Euro Buxl 30-Year Bond |
|
|
(1 |
) |
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
(100 |
) |
|
|
(222 |
) |
|
|
6,056 |
|
Mexican Peso |
|
|
(9 |
) |
|
|
3/16/20 |
|
|
|
$ |
|
|
|
(4,500 |
) |
|
|
(236 |
) |
|
|
(4,614 |
) |
Mini MSCI Emerging Markets Index |
|
|
(7 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(f) |
|
|
(392 |
) |
|
|
(11,076 |
) |
MSCI EAFE Index |
|
|
(18 |
) |
|
|
3/20/20 |
|
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|
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|
(1 |
) |
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(1,833 |
) |
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|
(14,756 |
) |
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|
$ |
(24,267 |
) |
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|
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|
$ |
(24,821 |
) |
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(e) |
At December 31, 2019, the Fund pledged $648,434 in cash as collateral for futures contracts. |
(f) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
TIPSTreasury Inflation Protected Securities
Schedule of Investments
AllianzGI Retirement 2030 Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)93.4% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Managed Volatility |
|
|
27,422 |
|
|
$ |
448,628 |
|
AllianzGI Best Styles U.S. Equity (c) |
|
|
88,024 |
|
|
|
1,204,173 |
|
AllianzGI Emerging Markets Small-Cap (b) |
|
|
8,879 |
|
|
|
150,227 |
|
AllianzGI Global Dynamic Allocation (c) |
|
|
1,382,480 |
|
|
|
25,451,457 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
10,384 |
|
|
|
178,405 |
|
AllianzGI Mid-Cap (b) |
|
|
33,604 |
|
|
|
152,227 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$27,296,307) |
|
|
|
27,585,117 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS1.0% |
|
|
|
|
|
|
|
|
Invesco DB Gold (cost$288,149) |
|
|
6,419 |
|
|
|
290,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements2.7% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $791,011; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $810,671 including accrued interest (cost$791,000) |
|
$ |
791 |
|
|
$ |
791,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$28,375,456)97.1% |
|
|
|
28,666,641 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (d)2.9% |
|
|
|
848,734 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
29,515,375 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
12 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
2,400 |
|
|
$ |
2,586 |
|
|
$ |
(2,364 |
) |
5-Year U.S. Treasury Note |
|
|
11 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
1,100 |
|
|
|
1,305 |
|
|
|
(363 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,207 |
) |
E-mini Russell 2000 Index |
|
|
6 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(f) |
|
|
501 |
|
|
|
6,817 |
|
E-mini S&P 500 Index |
|
|
3 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(f) |
|
|
485 |
|
|
|
9,016 |
|
Euro-Bund 10-Year Bond |
|
|
6 |
|
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
600 |
|
|
|
1,147 |
|
|
|
(11,381 |
) |
Euro Currency |
|
|
4 |
|
|
|
3/16/20 |
|
|
|
$ |
|
|
|
500 |
|
|
|
564 |
|
|
|
7,309 |
|
Japanese Yen |
|
|
5 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
6 |
|
|
|
578 |
|
|
|
(1,076 |
) |
XAE Energy |
|
|
3 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(f) |
|
|
187 |
|
|
|
4,853 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(9 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(900 |
) |
|
$ |
(1,266 |
) |
|
$ |
15,101 |
|
Euro Buxl 30-Year Bond |
|
|
(2 |
) |
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
(200 |
) |
|
|
(445 |
) |
|
|
12,112 |
|
Mexican Peso |
|
|
(13 |
) |
|
|
3/16/20 |
|
|
|
$ |
|
|
|
(6,500 |
) |
|
|
(341 |
) |
|
|
(6,665 |
) |
Mini MSCI Emerging Markets Index |
|
|
(9 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(f) |
|
|
(504 |
) |
|
|
(14,240 |
) |
MSCI EAFE Index |
|
|
(21 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
(1 |
) |
|
|
(2,138 |
) |
|
|
(13,778 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(7,470 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
At December 31, 2019, the Fund pledged $841,651 in cash as collateral for futures contracts. |
(f) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
Schedule of Investments
AllianzGI Retirement 2035 Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)92.5% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Managed Volatility |
|
|
85,548 |
|
|
$ |
1,399,566 |
|
AllianzGI Best Styles U.S. Equity (c) |
|
|
201,832 |
|
|
|
2,761,066 |
|
AllianzGI Emerging Markets Small-Cap (b) |
|
|
14,271 |
|
|
|
241,471 |
|
AllianzGI Focused Growth (c) |
|
|
10,578 |
|
|
|
495,246 |
|
AllianzGI Global Dynamic Allocation (c) |
|
|
770,684 |
|
|
|
14,188,295 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
20,459 |
|
|
|
351,492 |
|
AllianzGI International Growth (d) |
|
|
79,817 |
|
|
|
1,336,934 |
|
AllianzGI Mid-Cap (b) |
|
|
106,116 |
|
|
|
480,705 |
|
AllianzGI NFJ Mid-Cap Value (c) |
|
|
10,384 |
|
|
|
342,478 |
|
AllianzGI Small-Cap (c) |
|
|
17,153 |
|
|
|
358,494 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$21,630,025) |
|
|
|
21,955,747 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS1.1% |
|
|
|
|
|
|
|
|
Invesco DB Gold (cost$269,309) |
|
|
5,940 |
|
|
|
268,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements3.0% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $703,010; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $718,649 including accrued interest (cost$703,000) |
|
$ |
703 |
|
|
$ |
703,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$22,602,334)96.6% |
|
|
|
22,927,591 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (e)3.4% |
|
|
|
811,010 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
23,738,601 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Non-income producing.
|
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
10 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
2,000 |
|
|
$ |
2,155 |
|
|
$ |
(1,970 |
) |
5-Year U.S. Treasury Note |
|
|
9 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
900 |
|
|
|
1,067 |
|
|
|
(293 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,208 |
) |
E-mini Russell 2000 Index |
|
|
6 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
501 |
|
|
|
6,817 |
|
E-mini S&P 500 Index |
|
|
1 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
162 |
|
|
|
3,006 |
|
Euro-Bund 10-Year Bond |
|
|
3 |
|
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
300 |
|
|
|
574 |
|
|
|
(5,691 |
) |
Euro Currency |
|
|
3 |
|
|
|
3/16/20 |
|
|
|
$ |
|
|
|
375 |
|
|
|
423 |
|
|
|
5,482 |
|
Japanese Yen |
|
|
5 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
6 |
|
|
|
578 |
|
|
|
(1,076 |
) |
XAE Energy |
|
|
4 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
249 |
|
|
|
6,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,539 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(7 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(700 |
) |
|
$ |
(985 |
) |
|
$ |
11,745 |
|
Euro Buxl 30-Year Bond |
|
|
(1 |
) |
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
(100 |
) |
|
|
(223 |
) |
|
|
6,056 |
|
Mexican Peso |
|
|
(10 |
) |
|
|
3/16/20 |
|
|
|
$ |
|
|
|
(5,000 |
) |
|
|
(262 |
) |
|
|
(5,127 |
) |
Mini MSCI Emerging Markets Index |
|
|
(5 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(g) |
|
|
(280 |
) |
|
|
(7,911 |
) |
MSCI EAFE Index |
|
|
(10 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
(1 |
) |
|
|
(1,018 |
) |
|
|
(6,438 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(1,675 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
At December 31, 2019, the Fund pledged $813,554 in cash as collateral for futures contracts. |
(g) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
Schedule of Investments
AllianzGI Retirement 2040 Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)92.3% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Equity (c) |
|
|
151,391 |
|
|
$ |
2,027,120 |
|
AllianzGI Best Styles Global Managed Volatility |
|
|
180,512 |
|
|
|
2,953,176 |
|
AllianzGI Best Styles U.S. Equity (c) |
|
|
264,870 |
|
|
|
3,623,428 |
|
AllianzGI Emerging Markets Small-Cap (b) |
|
|
17,363 |
|
|
|
293,783 |
|
AllianzGI Focused Growth (c) |
|
|
17,405 |
|
|
|
814,879 |
|
AllianzGI Global Dynamic Allocation (c) |
|
|
545,200 |
|
|
|
10,037,140 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
39,221 |
|
|
|
673,816 |
|
AllianzGI International Growth (d) |
|
|
145,274 |
|
|
|
2,433,336 |
|
AllianzGI Mid-Cap (b) |
|
|
182,435 |
|
|
|
826,431 |
|
AllianzGI NFJ Mid-Cap Value (c) |
|
|
24,646 |
|
|
|
812,822 |
|
AllianzGI Small-Cap (c) |
|
|
25,894 |
|
|
|
541,193 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$24,510,074) |
|
|
|
25,037,124 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS1.0% |
|
|
|
|
|
|
|
|
Invesco DB Gold (cost$263,729) |
|
|
5,875 |
|
|
|
265,903 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements2.9% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $793,011; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $809,187 including accrued interest (cost$793,000) |
|
$ |
793 |
|
|
$ |
793,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$25,566,803)96.2% |
|
|
|
26,096,027 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (e)3.8% |
|
|
|
1,030,041 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
27,126,068 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Non-income producing.
|
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
11 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
2,200 |
|
|
$ |
2,371 |
|
|
$ |
(2,167 |
) |
5-Year U.S. Treasury Note |
|
|
10 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
1,000 |
|
|
|
1,186 |
|
|
|
(330 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,208 |
) |
E-mini Russell 2000 Index |
|
|
7 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
585 |
|
|
|
7,956 |
|
E-mini S&P 500 Index |
|
|
4 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
646 |
|
|
|
12,023 |
|
Euro-Bund 10-Year Bond |
|
|
6 |
|
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
600 |
|
|
|
1,147 |
|
|
|
(11,381 |
) |
Euro Currency |
|
|
3 |
|
|
|
3/16/20 |
|
|
|
$ |
|
|
|
375 |
|
|
|
423 |
|
|
|
5,482 |
|
Japanese Yen |
|
|
5 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
6 |
|
|
|
578 |
|
|
|
(1,076 |
) |
XAE Energy |
|
|
7 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
1 |
|
|
|
436 |
|
|
|
11,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
19,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(8 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(800 |
) |
|
$ |
(1,126 |
) |
|
$ |
13,423 |
|
Euro Buxl 30-Year Bond |
|
|
(2 |
) |
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
(200 |
) |
|
|
(445 |
) |
|
|
12,112 |
|
Mexican Peso |
|
|
(11 |
) |
|
|
3/16/20 |
|
|
|
$ |
|
|
|
(5,500 |
) |
|
|
(288 |
) |
|
|
(5,639 |
) |
MSCI EAFE Index |
|
|
(9 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(g) |
|
|
(916 |
) |
|
|
(7,016 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,880 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
32,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
At December 31, 2019, the Fund pledged $1,071,238 in cash as collateral for futures contracts. |
(g) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
Schedule of Investments
AllianzGI Retirement 2045 Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)90.1% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Equity (c) |
|
|
131,486 |
|
|
$ |
1,760,597 |
|
AllianzGI Best Styles Global Managed Volatility |
|
|
132,166 |
|
|
|
2,162,231 |
|
AllianzGI Best Styles U.S. Equity (c) |
|
|
171,716 |
|
|
|
2,349,071 |
|
AllianzGI Emerging Markets Small-Cap (b) |
|
|
9,643 |
|
|
|
163,159 |
|
AllianzGI Focused Growth (c) |
|
|
12,527 |
|
|
|
586,517 |
|
AllianzGI Global Dynamic Allocation (c) |
|
|
216,272 |
|
|
|
3,981,576 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
27,995 |
|
|
|
480,959 |
|
AllianzGI International Growth (d) |
|
|
107,408 |
|
|
|
1,799,078 |
|
AllianzGI Mid-Cap (b) |
|
|
126,955 |
|
|
|
575,105 |
|
AllianzGI NFJ Mid-Cap Value (c) |
|
|
17,108 |
|
|
|
564,228 |
|
AllianzGI Small-Cap (c) |
|
|
19,331 |
|
|
|
404,017 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$14,431,959) |
|
|
|
14,826,538 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS1.0% |
|
|
|
|
|
|
|
|
Invesco DB Gold (cost$158,641) |
|
|
3,534 |
|
|
|
159,949 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements4.5% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $739,010; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $758,259 including accrued interest (cost$739,000) |
|
$ |
739 |
|
|
$ |
739,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$15,329,600)95.6% |
|
|
|
15,725,487 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (e)4.4% |
|
|
|
731,850 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
16,457,337 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Non-income producing.
|
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
7 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
1,400 |
|
|
$ |
1,508 |
|
|
$ |
(1,372 |
) |
5-Year U.S. Treasury Note |
|
|
6 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
600 |
|
|
|
712 |
|
|
|
(198 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,208 |
) |
E-mini Russell 2000 Index |
|
|
4 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
334 |
|
|
|
4,545 |
|
E-mini S&P 500 Index |
|
|
4 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
646 |
|
|
|
12,023 |
|
Euro Currency |
|
|
2 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
250 |
|
|
|
282 |
|
|
|
3,655 |
|
Euro-Bund 10-Year Bond |
|
|
3 |
|
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
300 |
|
|
|
574 |
|
|
|
(5,691 |
) |
Japanese Yen |
|
|
2 |
|
|
|
3/16/20 |
|
|
|
$ |
|
|
|
3 |
|
|
|
231 |
|
|
|
(430 |
) |
XAE Energy |
|
|
5 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
1 |
|
|
|
311 |
|
|
|
8,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(5 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(500 |
) |
|
$ |
(704 |
) |
|
$ |
8,389 |
|
Euro Buxl 30-Year Bond |
|
|
(1 |
) |
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
(100 |
) |
|
|
(223 |
) |
|
|
6,056 |
|
Mexican Peso |
|
|
(7 |
) |
|
|
3/16/20 |
|
|
|
$ |
|
|
|
(3,500 |
) |
|
|
(183 |
) |
|
|
(3,589 |
) |
MSCI EAFE Index |
|
|
(5 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(g) |
|
|
(509 |
) |
|
|
(4,141 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
At December 31, 2019, the Fund pledged $733,076 in cash as collateral for futures contracts. |
(g) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
Schedule of Investments
AllianzGI Retirement 2050 Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)90.0% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Equity (d) |
|
|
249,675 |
|
|
$ |
3,343,146 |
|
AllianzGI Best Styles Global Managed Volatility |
|
|
216,232 |
|
|
|
3,537,554 |
|
AllianzGI Best Styles U.S. Equity (d) |
|
|
259,450 |
|
|
|
3,549,281 |
|
AllianzGI Emerging Markets Small-Cap (b) |
|
|
14,202 |
|
|
|
240,290 |
|
AllianzGI Focused Growth (d) |
|
|
20,437 |
|
|
|
956,861 |
|
AllianzGI Global Dynamic Allocation (d) |
|
|
226,333 |
|
|
|
4,166,795 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
39,687 |
|
|
|
681,817 |
|
AllianzGI International Growth (e) |
|
|
158,941 |
|
|
|
2,662,261 |
|
AllianzGI Mid-Cap (b) |
|
|
207,620 |
|
|
|
940,519 |
|
AllianzGI NFJ Mid-Cap Value (d) |
|
|
28,568 |
|
|
|
942,169 |
|
AllianzGI Small-Cap (d) |
|
|
34,372 |
|
|
|
718,366 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$21,169,256) |
|
|
|
21,739,059 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS2.1% |
|
|
|
|
|
|
|
|
Invesco DB Gold |
|
|
5,779 |
|
|
|
261,557 |
|
Vanguard Short-Term Treasury |
|
|
3,907 |
|
|
|
237,663 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Funds (cost$497,043) |
|
|
|
499,220 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
SHORT-TERM INVESTMENTS5.1% |
|
|
Repurchase Agreements3.9% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $937,013; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $956,312 including accrued interest (cost$937,000) |
|
$ |
937 |
|
|
$ |
937,000 |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Obligation (c)1.2% |
|
|
|
|
|
U.S. Treasury Bills, 1.522%, 12/3/20 (cost$295,856) |
|
|
300 |
|
|
|
295,745 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (cost$1,232,856) |
|
|
|
1,232,745 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$22,899,155)97.2% |
|
|
|
23,471,024 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (f)2.8% |
|
|
|
669,876 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
24,140,900 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(c) |
Rates reflect the effective yields at purchase date. |
(e) |
Non-income producing.
|
(f) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
9 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
1,800 |
|
|
$ |
1,939 |
|
|
$ |
(1,773 |
) |
5-Year U.S. Treasury Note |
|
|
9 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
900 |
|
|
|
1,067 |
|
|
|
(297 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,208 |
) |
E-mini Russell 2000 Index |
|
|
5 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(h) |
|
|
418 |
|
|
|
5,683 |
|
E-mini S&P 500 Index |
|
|
7 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(h) |
|
|
1,131 |
|
|
|
21,040 |
|
Euro Currency |
|
|
3 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
375 |
|
|
|
423 |
|
|
|
5,482 |
|
Euro-Bund 10-Year Bond |
|
|
3 |
|
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
300 |
|
|
|
574 |
|
|
|
(5,691 |
) |
Japanese Yen |
|
|
5 |
|
|
|
3/16/20 |
|
|
|
$ |
|
|
|
6 |
|
|
|
578 |
|
|
|
(1,076 |
) |
Mini MSCI Emerging Markets Index |
|
|
5 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(h) |
|
|
280 |
|
|
|
1,589 |
|
XAE Energy |
|
|
5 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
1 |
|
|
|
311 |
|
|
|
8,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
30,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(6 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(600 |
) |
|
$ |
(844 |
) |
|
$ |
10,067 |
|
Euro Buxl 30-Year Bond |
|
|
(1 |
) |
|
|
3/6/20 |
|
|
|
EUR |
|
|
|
(100 |
) |
|
|
(223 |
) |
|
|
6,056 |
|
Mexican Peso |
|
|
(10 |
) |
|
|
3/16/20 |
|
|
|
$ |
|
|
|
(5,000 |
) |
|
|
(262 |
) |
|
|
(5,127 |
) |
MSCI EAFE Index |
|
|
(5 |
) |
|
|
3/20/20 |
|
|
|
|
|
|
|
( |
)(h) |
|
|
(509 |
) |
|
|
(4,141 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
37,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(g) |
At December 31, 2019, the Fund pledged $900,355 in cash as collateral for futures contracts. |
(h) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
EAFEEurope, Australasia and Far East
EUREuro
MSCIMorgan Stanley Capital
International
Schedule of Investments
AllianzGI Retirement 2055 Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (a)87.9% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Equity (c) |
|
|
112,810 |
|
|
$ |
1,510,525 |
|
AllianzGI Best Styles Global Managed Volatility |
|
|
105,268 |
|
|
|
1,722,190 |
|
AllianzGI Best Styles U.S. Equity (c) |
|
|
128,496 |
|
|
|
1,757,822 |
|
AllianzGI Emerging Markets Small-Cap (b) |
|
|
7,016 |
|
|
|
118,719 |
|
AllianzGI Focused Growth (c) |
|
|
10,188 |
|
|
|
476,983 |
|
AllianzGI Global Dynamic Allocation (c) |
|
|
111,282 |
|
|
|
2,048,694 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
20,290 |
|
|
|
348,574 |
|
AllianzGI International Growth (d) |
|
|
84,261 |
|
|
|
1,411,373 |
|
AllianzGI Mid-Cap (b) |
|
|
105,134 |
|
|
|
476,256 |
|
AllianzGI NFJ Mid-Cap Value (c) |
|
|
14,240 |
|
|
|
469,636 |
|
AllianzGI Small-Cap (c) |
|
|
16,858 |
|
|
|
352,325 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$10,421,185) |
|
|
|
10,693,097 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS3.5% |
|
|
|
|
|
|
|
|
Invesco DB Gold |
|
|
2,902 |
|
|
|
131,344 |
|
Vanguard Short-Term Treasury |
|
|
4,860 |
|
|
|
295,634 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Funds (cost$425,856) |
|
|
|
426,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements6.6% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $799,011; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $820,504 including accrued interest (cost$799,000) |
|
$ |
799 |
|
|
$ |
799,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$11,646,041)98.0% |
|
|
|
11,919,075 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (e)2.0% |
|
|
|
242,100 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
12,161,175 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(b) |
Institutional Class share. |
(d) |
Non-income producing.
|
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
5 |
|
|
|
3/31/20 |
|
|
|
$ |
|
|
|
1,000 |
|
|
$ |
1,077 |
|
|
$ |
(985 |
) |
5-Year U.S. Treasury Note |
|
|
4 |
|
|
|
3/31/20 |
|
|
|
|
|
|
|
400 |
|
|
|
474 |
|
|
|
(132 |
) |
CBOE SPX Volatility Index |
|
|
1 |
|
|
|
1/22/20 |
|
|
|
|
|
|
|
1 |
|
|
|
15 |
|
|
|
(2,208 |
) |
E-mini Russell 2000 Index |
|
|
3 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
251 |
|
|
|
3,409 |
|
E-mini S&P 500 Index |
|
|
2 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
323 |
|
|
|
6,011 |
|
Euro Currency |
|
|
2 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
250 |
|
|
|
282 |
|
|
|
3,655 |
|
Japanese Yen |
|
|
3 |
|
|
|
3/16/20 |
|
|
|
|
|
|
|
4 |
|
|
|
347 |
|
|
|
(645 |
) |
Mini MSCI Emerging Markets Index |
|
|
2 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
112 |
|
|
|
3,145 |
|
XAE Energy |
|
|
2 |
|
|
|
3/20/20 |
|
|
|
|
|
|
|
|
(g) |
|
|
125 |
|
|
|
3,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(3 |
) |
|
|
3/20/20 |
|
|
|
$ |
|
|
|
(300) |
|
|
$ |
(422 |
) |
|
$ |
5,033 |
|
Mexican Peso |
|
|
(5 |
) |
|
|
3/16/20 |
|
|
|
|
|
|
|
(2,500) |
|
|
|
(131 |
) |
|
|
(2,563 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,956 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
At December 31, 2019, the Fund pledged $538,865 in cash as collateral for futures contracts. |
(g) |
Notional amount rounds to less than 500. |
Glossary:
CBOEChicago Board Options Exchange
MSCIMorgan Stanley Capital International
Schedule of Investments
AllianzGI Multi Asset Income Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (b)56.2% |
|
|
|
|
|
|
|
|
AllianzGI Emerging Markets SRI Debt (c) |
|
|
113,684 |
|
|
$ |
1,593,855 |
|
AllianzGI Floating Rate Note (c) |
|
|
112,585 |
|
|
|
1,680,901 |
|
AllianzGI Global High Yield (c) |
|
|
88,593 |
|
|
|
1,355,472 |
|
AllianzGI Preferred Securities & Income (d) |
|
|
163,388 |
|
|
|
2,550,489 |
|
AllianzGI Short Duration High Income (d) |
|
|
310,601 |
|
|
|
4,516,133 |
|
PIMCO Senior Floating Rate (c) |
|
|
92,715 |
|
|
|
911,385 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$12,316,553) |
|
|
|
12,608,235 |
|
|
|
|
|
|
|
|
|
|
|
|
COMMON STOCK21.3% |
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)9.8% |
|
American Tower Corp. |
|
|
455 |
|
|
|
104,568 |
|
Apple Hospitality REIT, Inc. |
|
|
9,700 |
|
|
|
157,625 |
|
AvalonBay Communities, Inc. |
|
|
778 |
|
|
|
163,146 |
|
Crown Castle International Corp. |
|
|
502 |
|
|
|
71,359 |
|
Digital Realty Trust, Inc. |
|
|
586 |
|
|
|
70,168 |
|
EPR Properties |
|
|
1,367 |
|
|
|
96,565 |
|
Gaming and Leisure Properties, Inc. |
|
|
1,348 |
|
|
|
58,031 |
|
Iron Mountain, Inc. |
|
|
3,510 |
|
|
|
111,864 |
|
Macerich Co. |
|
|
2,554 |
|
|
|
68,754 |
|
Mack-Cali Realty Corp. |
|
|
5,000 |
|
|
|
115,650 |
|
Omega Healthcare Investors, Inc. |
|
|
3,080 |
|
|
|
130,438 |
|
Park Hotels & Resorts, Inc. |
|
|
4,810 |
|
|
|
124,435 |
|
Physicians Realty Trust |
|
|
7,000 |
|
|
|
132,580 |
|
Sabra Health Care REIT, Inc. |
|
|
4,854 |
|
|
|
103,584 |
|
Service Properties Trust |
|
|
3,603 |
|
|
|
87,661 |
|
Simon Property Group, Inc. |
|
|
692 |
|
|
|
103,080 |
|
STAG Industrial, Inc. |
|
|
2,560 |
|
|
|
80,819 |
|
Ventas, Inc. |
|
|
1,809 |
|
|
|
104,452 |
|
VEREIT, Inc. |
|
|
8,932 |
|
|
|
82,532 |
|
Welltower, Inc. |
|
|
1,269 |
|
|
|
103,779 |
|
WP Carey, Inc. |
|
|
1,495 |
|
|
|
119,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,190,750 |
|
|
|
|
|
|
|
|
|
|
Mortgage Real Estate Investment Trusts (REITs)3.6% |
|
AGNC Investment Corp. |
|
|
10,000 |
|
|
|
176,800 |
|
Annaly Capital Management, Inc. |
|
|
16,000 |
|
|
|
150,720 |
|
Blackstone Mortgage Trust, Inc., Class A |
|
|
4,100 |
|
|
|
152,602 |
|
Chimera Investment Corp. |
|
|
7,500 |
|
|
|
154,200 |
|
New Residential Investment Corp. |
|
|
10,367 |
|
|
|
167,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
801,335 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels4.1% |
|
|
|
|
|
Enbridge, Inc. |
|
|
2,605 |
|
|
|
103,601 |
|
Inter Pipeline Ltd. |
|
|
5,960 |
|
|
|
103,453 |
|
Kinder Morgan, Inc. |
|
|
12,080 |
|
|
|
255,733 |
|
Pembina Pipeline Corp. |
|
|
4,840 |
|
|
|
179,370 |
|
Targa Resources Corp. |
|
|
2,690 |
|
|
|
109,833 |
|
Williams Cos., Inc. |
|
|
7,615 |
|
|
|
180,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
932,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Tobacco3.8% |
|
|
|
|
|
Altria Group, Inc. |
|
|
3,340 |
|
|
$ |
166,699 |
|
British American Tobacco PLC |
|
|
3,275 |
|
|
|
139,194 |
|
Imperial Brands PLC |
|
|
4,848 |
|
|
|
119,941 |
|
Japan Tobacco, Inc. |
|
|
9,650 |
|
|
|
215,162 |
|
Philip Morris International, Inc. |
|
|
2,601 |
|
|
|
221,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
862,315 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$4,437,257) |
|
|
|
4,787,018 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS10.5% |
|
|
|
|
|
|
|
|
Invesco DB Precious Metals |
|
|
11,000 |
|
|
|
457,655 |
|
iShares Emerging Markets Dividend |
|
|
13,927 |
|
|
|
565,714 |
|
iShares International Select Dividend |
|
|
19,991 |
|
|
|
671,098 |
|
VanEck Vectors J.P. Morgan EM Local Currency Bond |
|
|
19,786 |
|
|
|
672,922 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Funds (cost$2,229,187) |
|
|
|
2,367,389 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements7.6% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $1,708,024; collateralized by U.S. Treasury
Bonds, 3.00%, due 11/15/45, valued at $1,742,864 including accrued interest (cost$1,708,000) |
|
$ |
1,708 |
|
|
|
1,708,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$20,690,997) (a)95.6% |
|
|
|
21,470,642 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (e)4.4% |
|
|
|
985,864 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
22,456,506 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Securities with an aggregate value of $474,297, representing 2.1% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Institutional Class share. |
Schedule of Investments
AllianzGI Multi Asset Income Fund
December 31, 2019 (unaudited) (continued)
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
10-Year U.S. Treasury Note |
|
|
20 |
|
|
|
3/20/20 |
|
|
$ |
2,000 |
|
|
$ |
2,569 |
|
|
$ |
(22,521 |
) |
10-Year Ultra U.S. Treasury Bond |
|
|
42 |
|
|
|
3/20/20 |
|
|
|
4,200 |
|
|
|
5,910 |
|
|
|
(47,514 |
) |
E-mini Russell 1000 Index |
|
|
20 |
|
|
|
3/20/20 |
|
|
|
1 |
|
|
|
1,773 |
|
|
|
39,063 |
|
Euro-Bund 10-Year Bond |
|
|
6 |
|
|
|
3/6/20 |
|
|
EUR |
600 |
|
|
|
959 |
|
|
|
45 |
|
Mini MSCI Emerging Markets Index |
|
|
12 |
|
|
|
3/20/20 |
|
|
$ |
1 |
|
|
|
672 |
|
|
|
7,233 |
|
XAU Utilities |
|
|
9 |
|
|
|
3/20/20 |
|
|
|
1 |
|
|
|
587 |
|
|
|
6,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(17,184 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
Dow Jones U.S. Real Estate Index |
|
|
(14 |
) |
|
|
3/20/20 |
|
|
$ |
(1 |
) |
|
$ |
(515 |
) |
|
$ |
(18,512 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(35,696 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
At December 31, 2019, the Fund pledged $623,270 in cash as collateral for futures contracts. |
Glossary:
EUREuro
MSCIMorgan Stanley Capital International
REITReal Estate Investment Trust
Schedule of Investments
AllianzGI Global Allocation Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
MUTUAL FUNDS (d)79.3% |
|
|
|
|
|
|
|
|
AllianzGI Best Styles Global Managed Volatility |
|
|
2,199,202 |
|
|
$ |
35,978,937 |
|
AllianzGI Emerging Markets Small-Cap (e) |
|
|
301,347 |
|
|
|
5,098,799 |
|
AllianzGI Emerging Markets SRI Debt (e) |
|
|
1,164,625 |
|
|
|
16,328,036 |
|
AllianzGI Global Sustainability (e) |
|
|
6,812,907 |
|
|
|
137,348,208 |
|
AllianzGI Green Bond (e) |
|
|
2,012,897 |
|
|
|
32,649,194 |
|
AllianzGI PerformanceFee Managed Futures Strategy (g) |
|
|
3,637,561 |
|
|
|
31,937,785 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$250,578,067) |
|
|
|
259,340,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
|
CORPORATE BONDS & NOTES13.9% |
|
|
|
|
|
|
|
Aerospace & Defense1.4% |
|
|
|
|
|
Boeing Co., |
|
|
|
|
|
|
|
|
2.95%, 2/1/30 |
|
$ |
670 |
|
|
|
685,566 |
|
L3Harris Technologies, Inc., |
|
|
|
|
|
|
|
|
3.95%, 5/28/24 (a)(b) |
|
|
335 |
|
|
|
355,725 |
|
4.40%, 6/15/28 |
|
|
425 |
|
|
|
474,373 |
|
4.40%, 6/15/28 (a)(b) |
|
|
180 |
|
|
|
200,911 |
|
Northrop Grumman Corp., |
|
|
|
|
|
|
|
|
2.93%, 1/15/25 |
|
|
735 |
|
|
|
757,657 |
|
3.25%, 1/15/28 |
|
|
325 |
|
|
|
339,031 |
|
Northrop Grumman Systems Corp., |
|
|
|
|
|
|
|
|
7.875%, 3/1/26 |
|
|
210 |
|
|
|
269,834 |
|
United Technologies Corp., |
|
|
|
|
|
|
|
|
2.30%, 5/4/22 |
|
|
1,000 |
|
|
|
1,008,572 |
|
6.125%, 7/15/38 |
|
|
270 |
|
|
|
376,593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,468,262 |
|
|
|
|
|
|
|
|
|
|
Banks2.2% |
|
|
|
|
|
Bank of America Corp. (f), |
|
|
|
|
|
|
|
|
2.884%, 10/22/30 (converts to FRN on 10/22/29) |
|
|
530 |
|
|
|
536,118 |
|
3 mo. LIBOR + 1.180%, 3.146%, 10/21/22 |
|
|
500 |
|
|
|
511,635 |
|
3.366%, 1/23/26 (converts to FRN on 1/23/25) |
|
|
630 |
|
|
|
659,234 |
|
Citigroup, Inc. (f), |
|
|
|
|
|
|
|
|
2.976%, 11/5/30 (converts to FRN on 11/5/29) |
|
|
435 |
|
|
|
441,870 |
|
3.887%, 1/10/28 (converts to FRN on 1/10/27) |
|
|
705 |
|
|
|
758,863 |
|
5.00%, 3/12/20, Ser. U (converts to FRN on 9/12/24) (c) |
|
|
300 |
|
|
|
314,437 |
|
Comerica, Inc., |
|
|
|
|
|
|
|
|
3.70%, 7/31/23 |
|
|
655 |
|
|
|
686,942 |
|
Credit Suisse Group AG, (converts to FRN on 8/1/26) (a)(b)(c)(f), |
|
|
|
|
|
|
|
|
6.375%, 2/21/20 |
|
|
235 |
|
|
|
253,918 |
|
Fifth Third Bancorp, (converts to FRN on 6/30/23) (c)(f), |
|
|
|
|
|
|
|
|
5.10%, 6/30/23 |
|
|
265 |
|
|
|
273,022 |
|
Huntington Capital Trust I, 3 mo. LIBOR + 0.700% (f), |
|
|
|
|
|
|
|
|
2.627%, 2/1/27 |
|
|
255 |
|
|
|
234,600 |
|
Popular, Inc., |
|
|
|
|
|
|
|
|
6.125%, 9/14/23 |
|
|
645 |
|
|
|
696,061 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
State Street Corp., (converts to FRN on 11/1/24) (f), |
|
|
|
|
|
|
|
|
2.354%, 11/1/25 |
|
$ |
1,000 |
|
|
$ |
999,535 |
|
Truist Financial Corp. (c)(f), |
|
|
|
|
|
|
|
|
4.80%, 3/1/20, Ser. N (converts to FRN on 9/1/24) |
|
|
255 |
|
|
|
263,606 |
|
5.125%, 6/15/20, Ser. M (converts to FRN on 12/15/27) |
|
|
95 |
|
|
|
97,746 |
|
Wells Fargo & Co., |
|
|
|
|
|
|
|
|
4.40%, 6/14/46 |
|
|
200 |
|
|
|
229,300 |
|
Wells Fargo Capital X, |
|
|
|
|
|
|
|
|
5.95%, 12/15/36 |
|
|
170 |
|
|
|
213,121 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,170,008 |
|
|
|
|
|
|
|
|
|
|
Commercial Services0.2% |
|
|
|
|
|
Massachusetts Institute of Technology, |
|
|
|
|
|
|
|
|
5.60%, 7/1/2111 |
|
|
120 |
|
|
|
185,779 |
|
President & Fellows of Harvard College, |
|
|
|
|
|
|
|
|
4.875%, 10/15/40 |
|
|
255 |
|
|
|
327,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
513,379 |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services1.1% |
|
|
|
|
|
American Express Co., |
|
|
|
|
|
|
|
|
2.20%, 10/30/20 |
|
|
600 |
|
|
|
601,173 |
|
2.50%, 7/30/24 |
|
|
530 |
|
|
|
536,153 |
|
8.15%, 3/19/38 |
|
|
105 |
|
|
|
168,518 |
|
Capital One Financial Corp., |
|
|
|
|
|
|
|
|
3.20%, 1/30/23 |
|
|
615 |
|
|
|
632,238 |
|
3.80%, 1/31/28 |
|
|
255 |
|
|
|
273,942 |
|
Discover Financial Services, |
|
|
|
|
|
|
|
|
4.10%, 2/9/27 |
|
|
355 |
|
|
|
381,816 |
|
5.50%, 4/30/20, Ser. C (converts to FRN on 10/30/27) (c)(f) |
|
|
270 |
|
|
|
284,720 |
|
GE Capital International Funding Co. Unlimited Co., |
|
|
|
|
|
|
|
|
2.342%, 11/15/20 |
|
|
80 |
|
|
|
80,090 |
|
Nuveen Finance LLC (a)(b), |
|
|
|
|
|
|
|
|
4.125%, 11/1/24 |
|
|
490 |
|
|
|
530,974 |
|
Synchrony Financial, |
|
|
|
|
|
|
|
|
3.70%, 8/4/26 |
|
|
160 |
|
|
|
165,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,655,105 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities1.7% |
|
|
|
|
|
Alabama Power Co.,
|
|
|
|
|
|
|
|
|
4.10%, 1/15/42 |
|
|
455 |
|
|
|
489,122 |
|
Commonwealth Edison Co.,
|
|
|
|
|
|
|
|
|
5.90%, 3/15/36 |
|
|
155 |
|
|
|
206,574 |
|
Consolidated Edison Co. of New York, Inc., |
|
|
|
|
|
|
|
|
3.70%, 11/15/59 |
|
|
295 |
|
|
|
297,815 |
|
5.70%, 12/1/36, Ser. 06-E |
|
|
40 |
|
|
|
51,782 |
|
DTE Electric Co., |
|
|
|
|
|
|
|
|
5.70%, 10/1/37 |
|
|
240 |
|
|
|
313,349 |
|
6.625%, 6/1/36, Ser. A |
|
|
40 |
|
|
|
55,999 |
|
Duke Energy Florida LLC,
|
|
|
|
|
|
|
|
|
2.50%, 12/1/29 |
|
|
413 |
|
|
|
413,703 |
|
Edison International, |
|
|
|
|
|
|
|
|
2.95%, 3/15/23 |
|
|
315 |
|
|
|
315,701 |
|
3.55%, 11/15/24 |
|
|
295 |
|
|
|
299,783 |
|
Eversource Energy, Ser. K,
|
|
|
|
|
|
|
|
|
2.75%, 3/15/22 |
|
|
465 |
|
|
|
471,727 |
|
Jersey Central Power & Light Co., |
|
|
|
|
|
|
|
|
6.15%, 6/1/37 |
|
|
95 |
|
|
|
122,973 |
|
NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
2.403%, 9/1/21 |
|
|
200 |
|
|
|
201,380 |
|
2.75%, 11/1/29 |
|
|
275 |
|
|
|
275,500 |
|
Schedule of Investments
AllianzGI Global Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
PPL Electric Utilities Corp., |
|
|
|
|
|
|
|
|
3.00%, 10/1/49 |
|
$ |
320 |
|
|
$ |
304,695 |
|
San Diego Gas & Electric Co., Ser. NNN,
|
|
|
|
|
|
|
|
|
3.60%, 9/1/23 |
|
|
560 |
|
|
|
584,968 |
|
Sempra Energy,
|
|
|
|
|
|
|
|
|
3.55%, 6/15/24 |
|
|
560 |
|
|
|
585,306 |
|
|
|
|
Southern California Edison Co.,
|
|
|
|
|
|
|
|
|
3.90%, 12/1/41 |
|
|
95 |
|
|
|
93,436 |
|
Virginia Electric & Power Co., Ser. C,
|
|
|
|
|
|
|
|
|
2.75%, 3/15/23 |
|
|
460 |
|
|
|
468,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,552,780 |
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)0.3% |
|
American Tower Corp., |
|
|
|
|
|
|
|
|
2.25%, 1/15/22 |
|
|
1,000 |
|
|
|
1,003,597 |
|
Simon Property Group L.P., |
|
|
|
|
|
|
|
|
3.25%, 9/13/49 |
|
|
135 |
|
|
|
131,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,135,139 |
|
|
|
|
|
|
|
|
|
|
Food & Beverage0.4% |
|
|
|
|
|
Anheuser-Busch InBev Finance, Inc., |
|
|
|
|
|
|
|
|
3.65%, 2/1/26 |
|
|
1,150 |
|
|
|
1,220,826 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Products0.3% |
|
|
|
|
|
DH Europe Finance II Sarl, |
|
|
|
|
|
|
|
|
2.05%, 11/15/22 |
|
|
871 |
|
|
|
872,778 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Services0.1% |
|
|
|
|
|
UnitedHealth Group, Inc.,
|
|
|
|
|
|
|
|
|
3.50%, 8/15/39 |
|
|
390 |
|
|
|
408,706 |
|
|
|
|
|
|
|
|
|
|
|
|
Insurance0.4% |
|
|
|
|
|
Berkshire Hathaway Finance Corp.,
|
|
|
|
|
|
|
|
|
4.25%, 1/15/49 |
|
|
285 |
|
|
|
337,043 |
|
Harborwalk Funding Trust, (converts to FRN on 2/15/49) (a)(b)(f),
|
|
|
|
|
|
|
|
|
5.077%, 2/15/69 |
|
|
235 |
|
|
|
280,552 |
|
Lincoln National Corp., 3 mo. LIBOR + 2.358% (f),
|
|
|
|
|
|
|
|
|
4.262%, 5/17/66 |
|
|
275 |
|
|
|
244,604 |
|
MetLife, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
9.25%, 4/8/38 |
|
|
145 |
|
|
|
214,056 |
|
New York Life Insurance Co. (a)(b), |
|
|
|
|
|
|
|
|
4.45%, 5/15/69 |
|
|
300 |
|
|
|
341,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,417,657 |
|
|
|
|
|
|
|
|
|
|
Media1.3% |
|
|
|
|
|
Charter Communications Operating LLC, |
|
|
|
|
|
|
|
|
4.908%, 7/23/25 |
|
|
670 |
|
|
|
738,587 |
|
Comcast Corp., |
|
|
|
|
|
|
|
|
2.65%, 2/1/30 |
|
|
295 |
|
|
|
296,672 |
|
3.375%, 2/15/25 |
|
|
960 |
|
|
|
1,012,971 |
|
Discovery Communications LLC, |
|
|
|
|
|
|
|
|
3.95%, 3/20/28 |
|
|
320 |
|
|
|
341,766 |
|
Time Warner Cable LLC, |
|
|
|
|
|
|
|
|
4.50%, 9/15/42 |
|
|
85 |
|
|
|
85,496 |
|
6.55%, 5/1/37 |
|
|
90 |
|
|
|
111,221 |
|
ViacomCBS, Inc., |
|
|
|
|
|
|
|
|
3.45%, 10/4/26 |
|
|
200 |
|
|
|
201,257 |
|
5.25%, 4/1/44 |
|
|
225 |
|
|
|
261,881 |
|
6.25%, 2/28/57 (converts to FRN on 2/28/27) (c)(f) |
|
|
215 |
|
|
|
238,817 |
|
Walt Disney Co., |
|
|
|
|
|
|
|
|
3.00%, 9/15/22 |
|
|
1,000 |
|
|
|
1,029,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,318,399 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing0.2% |
|
|
|
|
|
3M Co., |
|
|
|
|
|
|
|
|
3.25%, 8/26/49 |
|
|
195 |
|
|
|
189,545 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
General Electric Co., 3 mo. LIBOR + 1.000% (f), |
|
|
|
|
|
|
|
|
3.001%, 4/15/23 |
|
$ |
561 |
|
|
$ |
562,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
752,421 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels0.8% |
|
|
|
|
|
Boston Gas Co. (a)(b), |
|
|
|
|
|
|
|
|
3.15%, 8/1/27 |
|
|
820 |
|
|
|
847,303 |
|
Cenovus Energy, Inc., |
|
|
|
|
|
|
|
|
4.25%, 4/15/27 |
|
|
215 |
|
|
|
227,991 |
|
6.75%, 11/15/39 |
|
|
100 |
|
|
|
127,204 |
|
Hess Corp., |
|
|
|
|
|
|
|
|
4.30%, 4/1/27 |
|
|
330 |
|
|
|
353,379 |
|
7.125%, 3/15/33 |
|
|
125 |
|
|
|
160,740 |
|
NiSource, Inc., |
|
|
|
|
|
|
|
|
3.49%, 5/15/27 |
|
|
850 |
|
|
|
894,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,610,827 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals1.0% |
|
|
|
|
|
AbbVie, Inc. (a)(b), |
|
|
|
|
|
|
|
|
2.60%, 11/21/24 |
|
|
292 |
|
|
|
294,343 |
|
Allergan Funding SCS, |
|
|
|
|
|
|
|
|
3.85%, 6/15/24 |
|
|
295 |
|
|
|
310,225 |
|
Becton Dickinson and Co., |
|
|
|
|
|
|
|
|
2.894%, 6/6/22 |
|
|
1,335 |
|
|
|
1,357,120 |
|
Bristol-Myers Squibb Co. (a)(b), |
|
|
|
|
|
|
|
|
3.625%, 5/15/24 |
|
|
235 |
|
|
|
248,288 |
|
4.125%, 6/15/39 |
|
|
315 |
|
|
|
362,400 |
|
CVS Health Corp., |
|
|
|
|
|
|
|
|
4.10%, 3/25/25 |
|
|
465 |
|
|
|
499,868 |
|
4.875%, 7/20/35 |
|
|
290 |
|
|
|
332,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,404,550 |
|
|
|
|
|
|
|
|
|
|
Pipelines1.0% |
|
|
|
|
|
Cameron LNG LLC (a)(b), |
|
|
|
|
|
|
|
|
3.701%, 1/15/39 |
|
|
297 |
|
|
|
303,367 |
|
Columbia Pipeline Group, Inc., |
|
|
|
|
|
|
|
|
4.50%, 6/1/25 |
|
|
555 |
|
|
|
608,319 |
|
5.80%, 6/1/45 |
|
|
110 |
|
|
|
140,562 |
|
El Paso Natural Gas Co. LLC, |
|
|
|
|
|
|
|
|
8.375%, 6/15/32 |
|
|
100 |
|
|
|
139,162 |
|
Energy Transfer Operating L.P., |
|
|
|
|
|
|
|
|
6.50%, 2/1/42 |
|
|
330 |
|
|
|
392,847 |
|
Kinder Morgan Energy Partners L.P., |
|
|
|
|
|
|
|
|
7.50%, 11/15/40 |
|
|
75 |
|
|
|
102,969 |
|
Kinder Morgan, Inc., |
|
|
|
|
|
|
|
|
4.30%, 6/1/25 |
|
|
460 |
|
|
|
498,873 |
|
MPLX L.P., |
|
|
|
|
|
|
|
|
4.00%, 3/15/28 |
|
|
330 |
|
|
|
342,525 |
|
Plains All American Pipeline L.P., |
|
|
|
|
|
|
|
|
4.65%, 10/15/25 |
|
|
440 |
|
|
|
472,513 |
|
6.65%, 1/15/37 |
|
|
115 |
|
|
|
135,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,136,570 |
|
|
|
|
|
|
|
|
|
|
Retail0.0% |
|
|
|
|
|
Lowes Cos., Inc., |
|
|
|
|
|
|
|
|
4.65%, 4/15/42 |
|
|
90 |
|
|
|
103,336 |
|
|
|
|
|
|
|
|
|
|
|
|
Semiconductors0.4% |
|
|
|
|
|
Broadcom Corp., |
|
|
|
|
|
|
|
|
3.875%, 1/15/27 |
|
|
935 |
|
|
|
970,336 |
|
Intel Corp., |
|
|
|
|
|
|
|
|
3.25%, 11/15/49 |
|
|
295 |
|
|
|
297,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,267,494 |
|
|
|
|
|
|
|
|
|
|
Software0.3% |
|
|
|
|
|
Fiserv, Inc., |
|
|
|
|
|
|
|
|
4.40%, 7/1/49 |
|
|
195 |
|
|
|
222,055 |
|
Microsoft Corp., |
|
|
|
|
|
|
|
|
3.50%, 11/15/42 |
|
|
360 |
|
|
|
392,269 |
|
Schedule of Investments
AllianzGI Global Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Oracle Corp., |
|
|
|
|
|
|
|
|
2.40%, 9/15/23 |
|
$ |
400 |
|
|
$ |
406,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,020,487 |
|
|
|
|
|
|
|
|
|
|
Telecommunications0.6% |
|
|
|
|
|
AT&T, Inc., |
|
|
|
|
|
|
|
|
3.80%, 3/15/22 |
|
|
800 |
|
|
|
830,379 |
|
4.85%, 3/1/39 |
|
|
400 |
|
|
|
461,949 |
|
Verizon Communications, Inc., |
|
|
|
|
|
|
|
|
5.25%, 3/16/37 |
|
|
475 |
|
|
|
596,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,888,828 |
|
|
|
|
|
|
|
|
|
|
Transportation0.2% |
|
|
|
|
|
CSX Corp., |
|
|
|
|
|
|
|
|
4.75%, 5/30/42 |
|
|
145 |
|
|
|
171,108 |
|
Kansas City Southern, |
|
|
|
|
|
|
|
|
4.20%, 11/15/69 |
|
|
175 |
|
|
|
180,560 |
|
United Parcel Service, Inc., |
|
|
|
|
|
|
|
|
3.40%, 9/1/49 |
|
|
325 |
|
|
|
327,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
679,060 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$45,300,465) |
|
|
|
45,596,612 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS1.4% |
|
|
|
|
|
PIMCO 15+ Year U.S. TIPS Index (d) (cost$4,631,347) |
|
|
65,738 |
|
|
|
4,735,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS0.4% |
|
|
|
|
|
U.S. Treasury Bond, |
|
|
|
|
|
|
|
|
2.25%, 8/15/49 |
|
$ |
276 |
|
|
|
267,806 |
|
U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
1.625%, 12/31/21 |
|
|
150 |
|
|
|
150,153 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
1.75%, 12/31/24 |
|
$ |
613 |
|
|
$ |
614,628 |
|
1.75%, 11/15/29 |
|
|
398 |
|
|
|
391,999 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$1,437,295) |
|
|
|
1,424,586 |
|
|
|
|
|
|
|
|
|
|
|
Repurchase Agreements2.4% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $7,729,107; collateralized by U.S. Treasury
Bonds, 2.50%, due 2/15/46, valued at $7,888,454 including accrued interest (cost$7,729,000) |
|
|
7,729 |
|
|
|
7,729,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$309,676,174)97.4% |
|
|
|
318,826,265 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (h)2.6% |
|
|
|
8,348,557 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
327,174,822 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $4,233,239,
representing 1.3% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $4,233,239, representing 1.3% of net assets. |
(c) |
Perpetual maturity. The date shown, if any, is the next call date. |
(e) |
Institutional Class share. |
(f) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
(h) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
77 |
|
|
|
3/31/20 |
|
|
$ |
15,400 |
|
|
$ |
16,594 |
|
|
$ |
(7,678 |
) |
10-Year U.S. Treasury Note |
|
|
252 |
|
|
|
3/20/20 |
|
|
|
25,200 |
|
|
|
32,362 |
|
|
|
(280,771 |
) |
E-mini S&P 500 Index |
|
|
103 |
|
|
|
3/20/20 |
|
|
|
5 |
|
|
|
16,640 |
|
|
|
170,764 |
|
Japanese Yen |
|
|
53 |
|
|
|
3/16/20 |
|
|
|
66 |
|
|
|
6,125 |
|
|
|
(11,139 |
) |
Mini MSCI Emerging Markets Index |
|
|
59 |
|
|
|
3/20/20 |
|
|
|
3 |
|
|
|
3,305 |
|
|
|
41,166 |
|
MSCI EAFE Index |
|
|
60 |
|
|
|
3/20/20 |
|
|
|
3 |
|
|
|
6,110 |
|
|
|
4,364 |
|
U.S. Long Bond |
|
|
19 |
|
|
|
3/20/20 |
|
|
|
1,900 |
|
|
|
2,962 |
|
|
|
(65,935 |
) |
Ultra U.S. Treasury Bond |
|
|
8 |
|
|
|
3/20/20 |
|
|
|
800 |
|
|
|
1,453 |
|
|
|
(46,946 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(196,175 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
5-Year U.S. Treasury Note |
|
|
(36 |
) |
|
|
3/31/20 |
|
|
$ |
(3,600 |
) |
|
$ |
(4,270 |
) |
|
$ |
15,373 |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(10 |
) |
|
|
3/20/20 |
|
|
|
(1,000 |
) |
|
|
(1,407 |
) |
|
|
15,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
30,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(165,201 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) |
At December 31, 2019, the Fund pledged $8,039,474 in cash as collateral for futures contracts. |
Schedule of Investments
AllianzGI Global Allocation Fund
December 31, 2019 (unaudited) (continued)
Glossary:
EAFEEurope, Australasia and Far East
FRNFloating Rate Note
LIBORLondon Inter-Bank Offered Rate
MSCIMorgan Stanley Capital International
TIPSTreasury Inflation Protected Securities
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK97.1% |
|
|
|
|
|
|
|
Australia2.7% |
|
|
|
|
|
Alumina Ltd. |
|
|
185,637 |
|
|
$ |
299,842 |
|
Aristocrat Leisure Ltd. |
|
|
15,713 |
|
|
|
371,285 |
|
BHP Group Ltd. |
|
|
19,880 |
|
|
|
544,360 |
|
Bingo Industries Ltd. |
|
|
151,033 |
|
|
|
301,479 |
|
BlueScope Steel Ltd. |
|
|
28,890 |
|
|
|
305,991 |
|
Bravura Solutions Ltd. |
|
|
77,079 |
|
|
|
280,927 |
|
Computershare Ltd. |
|
|
20,303 |
|
|
|
239,370 |
|
CSL Ltd. |
|
|
5,398 |
|
|
|
1,046,575 |
|
Flight Centre Travel Group Ltd. |
|
|
7,755 |
|
|
|
239,863 |
|
Macquarie Group Ltd. |
|
|
5,279 |
|
|
|
511,241 |
|
National Australia Bank Ltd. |
|
|
23,781 |
|
|
|
411,509 |
|
Rio Tinto Ltd. |
|
|
4,595 |
|
|
|
325,096 |
|
Sandfire Resources NL |
|
|
45,773 |
|
|
|
192,326 |
|
Sonic Healthcare Ltd. |
|
|
16,283 |
|
|
|
328,313 |
|
St. Barbara Ltd. |
|
|
67,870 |
|
|
|
128,949 |
|
Westpac Banking Corp. |
|
|
26,184 |
|
|
|
447,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,974,263 |
|
|
|
|
|
|
|
|
|
|
Austria0.6% |
|
|
|
|
|
Erste Group Bank AG (e) |
|
|
8,126 |
|
|
|
305,230 |
|
EVN AG |
|
|
12,006 |
|
|
|
232,981 |
|
OMV AG |
|
|
4,840 |
|
|
|
271,160 |
|
Raiffeisen Bank International AG |
|
|
10,837 |
|
|
|
271,244 |
|
voestalpine AG |
|
|
8,190 |
|
|
|
227,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,307,770 |
|
|
|
|
|
|
|
|
|
|
Bermuda0.1% |
|
|
|
|
|
Bank of NT Butterfield & Son Ltd. |
|
|
3,927 |
|
|
|
145,378 |
|
|
|
|
|
|
|
|
|
|
|
|
Brazil0.6% |
|
|
|
|
|
Banco Bradesco S.A. |
|
|
29,880 |
|
|
|
254,356 |
|
Banco do Brasil S.A. |
|
|
20,400 |
|
|
|
269,250 |
|
JBS S.A. |
|
|
41,100 |
|
|
|
264,635 |
|
Petroleo Brasileiro S.A. |
|
|
43,500 |
|
|
|
348,444 |
|
Smiles Fidelidade S.A. |
|
|
5,900 |
|
|
|
57,745 |
|
Suzano S.A. |
|
|
12,870 |
|
|
|
127,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,321,846 |
|
|
|
|
|
|
|
|
|
|
Canada3.9% |
|
|
|
|
|
Bank of Nova Scotia |
|
|
9,478 |
|
|
|
535,375 |
|
Bausch Health Cos., Inc. (e) |
|
|
11,480 |
|
|
|
343,635 |
|
BRP, Inc. |
|
|
5,703 |
|
|
|
259,820 |
|
Canadian Apartment Properties REIT |
|
|
4,786 |
|
|
|
195,376 |
|
Canadian Imperial Bank of Commerce |
|
|
5,600 |
|
|
|
466,009 |
|
Cogeco Communications, Inc. |
|
|
3,951 |
|
|
|
344,425 |
|
Exchange Income Corp. |
|
|
7,418 |
|
|
|
255,293 |
|
Fairfax Financial Holdings Ltd. |
|
|
537 |
|
|
|
252,151 |
|
Genworth MI Canada, Inc. |
|
|
4,557 |
|
|
|
199,398 |
|
George Weston Ltd. |
|
|
9,501 |
|
|
|
753,759 |
|
Husky Energy, Inc. |
|
|
14,334 |
|
|
|
115,021 |
|
IA Financial Corp., Inc. |
|
|
5,463 |
|
|
|
300,085 |
|
Magellan Aerospace Corp. |
|
|
12,732 |
|
|
|
137,855 |
|
Magna International, Inc. |
|
|
4,466 |
|
|
|
244,873 |
|
Manulife Financial Corp. |
|
|
23,328 |
|
|
|
473,548 |
|
Martinrea International, Inc. |
|
|
17,034 |
|
|
|
187,714 |
|
Methanex Corp. |
|
|
4,980 |
|
|
|
192,328 |
|
National Bank of Canada |
|
|
6,823 |
|
|
|
378,732 |
|
Northview Apartment Real Estate Investment Trust REIT |
|
|
9,372 |
|
|
|
213,920 |
|
Nutrien Ltd. |
|
|
9,161 |
|
|
|
438,597 |
|
Power Corp. of Canada |
|
|
10,065 |
|
|
|
259,269 |
|
Royal Bank of Canada |
|
|
10,352 |
|
|
|
819,120 |
|
Suncor Energy, Inc. |
|
|
15,133 |
|
|
|
495,984 |
|
Teck Resources Ltd., Class B |
|
|
13,503 |
|
|
|
234,175 |
|
Toronto-Dominion Bank |
|
|
8,061 |
|
|
|
452,106 |
|
Transcontinental, Inc., Class A |
|
|
19,236 |
|
|
|
235,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,783,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Chile0.2% |
|
|
|
|
|
Banco Santander Chile |
|
|
2,976,424 |
|
|
$ |
170,206 |
|
Empresas CMPC S.A. |
|
|
79,086 |
|
|
|
193,832 |
|
Itau CorpBanca |
|
|
26,844,575 |
|
|
|
155,455 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
519,493 |
|
|
|
|
|
|
|
|
|
|
China5.2% |
|
|
|
|
|
58.com, Inc. ADR (e) |
|
|
4,478 |
|
|
|
289,861 |
|
Agile Group Holdings Ltd. |
|
|
156,909 |
|
|
|
235,789 |
|
Agricultural Bank of China Ltd., Class H |
|
|
572,000 |
|
|
|
251,772 |
|
Alibaba Group Holding Ltd. ADR (e) |
|
|
7,762 |
|
|
|
1,646,320 |
|
Anhui Conch Cement Co., Ltd., Class H |
|
|
32,000 |
|
|
|
233,156 |
|
Autohome, Inc. ADR (e) |
|
|
3,517 |
|
|
|
281,395 |
|
Baidu, Inc. ADR (e) |
|
|
3,005 |
|
|
|
379,832 |
|
Bank of Communications Co., Ltd., Class H |
|
|
290,961 |
|
|
|
206,752 |
|
Beijing Enterprises Holdings Ltd. |
|
|
46,500 |
|
|
|
213,368 |
|
BOC Aviation Ltd. (a) |
|
|
36,800 |
|
|
|
374,265 |
|
China CITIC Bank Corp., Ltd., Class H |
|
|
444,000 |
|
|
|
266,225 |
|
China Communications Services Corp., Ltd., Class H |
|
|
298,000 |
|
|
|
217,237 |
|
China Construction Bank Corp., Class H |
|
|
728,188 |
|
|
|
631,369 |
|
China Lumena New Materials Corp. (c)(d)(e) |
|
|
60,228 |
|
|
|
|
|
China Shenhua Energy Co., Ltd., Class H |
|
|
139,500 |
|
|
|
291,681 |
|
China Yuchai International Ltd. |
|
|
8,810 |
|
|
|
117,437 |
|
China Zhongwang Holdings Ltd. |
|
|
390,000 |
|
|
|
155,807 |
|
CIFI Holdings Group Co., Ltd. |
|
|
588,000 |
|
|
|
497,175 |
|
CITIC Ltd. |
|
|
169,000 |
|
|
|
225,567 |
|
Country Garden Holdings Co., Ltd. |
|
|
165,000 |
|
|
|
264,086 |
|
Country Garden Services Holdings Co., Ltd. |
|
|
24,597 |
|
|
|
82,814 |
|
CSPC Pharmaceutical Group Ltd. |
|
|
102,000 |
|
|
|
243,412 |
|
Fosun International Ltd. |
|
|
106,000 |
|
|
|
154,620 |
|
Guangzhou Automobile Group Co., Ltd., Class H |
|
|
219,991 |
|
|
|
273,887 |
|
Industrial & Commercial Bank of China Ltd., Class H |
|
|
840,000 |
|
|
|
648,084 |
|
Kingboard Holdings Ltd. |
|
|
65,500 |
|
|
|
207,742 |
|
Postal Savings Bank of China Co., Ltd., Class H (a) |
|
|
304,000 |
|
|
|
206,746 |
|
Shanghai Industrial Holdings Ltd. |
|
|
117,000 |
|
|
|
225,235 |
|
Sinotrans Ltd., Class H |
|
|
214,000 |
|
|
|
72,788 |
|
Sinotruk Hong Kong Ltd. |
|
|
122,500 |
|
|
|
261,450 |
|
SSY Group Ltd. |
|
|
210,000 |
|
|
|
170,095 |
|
Tencent Holdings Ltd. |
|
|
35,419 |
|
|
|
1,706,350 |
|
Uni-President China Holdings Ltd. |
|
|
247,000 |
|
|
|
259,491 |
|
Yuzhou Properties Co., Ltd. |
|
|
472,708 |
|
|
|
260,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,551,874 |
|
|
|
|
|
|
|
|
|
|
Czech Republic0.1% |
|
|
|
|
|
CEZ AS |
|
|
9,213 |
|
|
|
207,058 |
|
|
|
|
|
|
|
|
|
|
|
|
Denmark0.4% |
|
|
|
|
|
Demant A/S (e) |
|
|
14,956 |
|
|
|
471,005 |
|
Netcompany Group A/S (a)(e) |
|
|
5,798 |
|
|
|
275,894 |
|
Royal Unibrew A/S |
|
|
2,346 |
|
|
|
214,891 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
961,790 |
|
|
|
|
|
|
|
|
|
|
Finland0.4% |
|
|
|
|
|
Outokumpu Oyj |
|
|
55,348 |
|
|
|
174,436 |
|
Stora Enso Oyj, Class R |
|
|
23,993 |
|
|
|
349,117 |
|
UPM-Kymmene Oyj |
|
|
11,442 |
|
|
|
396,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
920,527 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
France4.5% |
|
|
|
|
|
Aeroports de Paris |
|
|
1,432 |
|
|
$ |
283,527 |
|
ArcelorMittal S.A. |
|
|
16,821 |
|
|
|
296,381 |
|
AXA S.A. |
|
|
17,783 |
|
|
|
502,481 |
|
BNP Paribas S.A. |
|
|
8,934 |
|
|
|
531,020 |
|
Cie de Saint-Gobain |
|
|
5,993 |
|
|
|
245,508 |
|
Cie Generale des Etablissements Michelin SCA |
|
|
3,581 |
|
|
|
440,675 |
|
CNP Assurances |
|
|
13,781 |
|
|
|
274,588 |
|
Coface S.A. |
|
|
20,322 |
|
|
|
250,063 |
|
Credit Agricole S.A. |
|
|
16,952 |
|
|
|
246,674 |
|
Eiffage S.A. |
|
|
3,313 |
|
|
|
380,090 |
|
Engie S.A. |
|
|
30,192 |
|
|
|
489,060 |
|
Faurecia SE |
|
|
3,660 |
|
|
|
198,693 |
|
Ipsen S.A. |
|
|
2,006 |
|
|
|
178,066 |
|
Jacquet Metal Service S.A. |
|
|
9,684 |
|
|
|
168,020 |
|
Kaufman & Broad S.A. |
|
|
5,146 |
|
|
|
213,574 |
|
Kering S.A. |
|
|
753 |
|
|
|
496,163 |
|
Klepierre S.A. REIT |
|
|
8,023 |
|
|
|
305,226 |
|
Korian S.A. |
|
|
4,898 |
|
|
|
230,888 |
|
LOreal S.A. |
|
|
1,522 |
|
|
|
450,067 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
|
1,469 |
|
|
|
684,486 |
|
Orange S.A. |
|
|
27,632 |
|
|
|
406,085 |
|
Peugeot S.A. |
|
|
11,010 |
|
|
|
265,089 |
|
Renault S.A. |
|
|
3,851 |
|
|
|
182,874 |
|
Societe Generale S.A. |
|
|
11,729 |
|
|
|
409,318 |
|
STMicroelectronics NV |
|
|
10,803 |
|
|
|
291,471 |
|
Total S.A. |
|
|
13,111 |
|
|
|
727,536 |
|
Unibail-Rodamco-Westfield REIT |
|
|
2,141 |
|
|
|
337,779 |
|
Vinci S.A. |
|
|
5,479 |
|
|
|
610,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,095,618 |
|
|
|
|
|
|
|
|
|
|
Germany2.1% |
|
|
|
|
|
Bayer AG |
|
|
7,945 |
|
|
|
645,902 |
|
Bayerische Motoren Werke AG |
|
|
2,747 |
|
|
|
224,995 |
|
Covestro AG (a) |
|
|
4,079 |
|
|
|
189,796 |
|
Deutsche Boerse AG |
|
|
2,521 |
|
|
|
395,325 |
|
Deutsche Lufthansa AG |
|
|
11,686 |
|
|
|
215,105 |
|
Deutsche Telekom AG |
|
|
23,045 |
|
|
|
376,605 |
|
Deutz AG |
|
|
33,091 |
|
|
|
205,938 |
|
DWS Group GmbH & Co. KGaA (a) |
|
|
7,019 |
|
|
|
249,227 |
|
Fresenius SE & Co. KGaA |
|
|
6,723 |
|
|
|
378,326 |
|
HeidelbergCement AG |
|
|
5,597 |
|
|
|
406,705 |
|
MTU Aero Engines AG |
|
|
894 |
|
|
|
254,724 |
|
SAP SE |
|
|
8,324 |
|
|
|
1,120,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,663,043 |
|
|
|
|
|
|
|
|
|
|
Hong Kong0.8% |
|
|
|
|
|
CK Asset Holdings Ltd. |
|
|
51,000 |
|
|
|
368,027 |
|
Hang Seng Bank Ltd. |
|
|
15,800 |
|
|
|
326,586 |
|
Health & Happiness H&H International Holdings Ltd. |
|
|
39,500 |
|
|
|
163,610 |
|
Hysan Development Co., Ltd. |
|
|
61,000 |
|
|
|
239,197 |
|
IT Ltd. |
|
|
244,000 |
|
|
|
58,606 |
|
Johnson Electric Holdings Ltd. |
|
|
115,000 |
|
|
|
261,593 |
|
Kerry Properties Ltd. |
|
|
56,757 |
|
|
|
180,265 |
|
Shanghai Industrial Urban Development Group Ltd. |
|
|
152,000 |
|
|
|
19,111 |
|
Wharf Real Estate Investment Co., Ltd. |
|
|
41,000 |
|
|
|
250,164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,867,159 |
|
|
|
|
|
|
|
|
|
|
Hungary0.2% |
|
|
|
|
|
Magyar Telekom Telecommunications PLC |
|
|
250,641 |
|
|
|
379,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Indonesia0.6% |
|
|
|
|
|
Astra International Tbk PT |
|
|
551,300 |
|
|
$ |
274,598 |
|
Bank Central Asia Tbk PT |
|
|
121,600 |
|
|
|
292,449 |
|
Bank Negara Indonesia Persero Tbk PT |
|
|
444,245 |
|
|
|
250,783 |
|
Indah Kiat Pulp & Paper Corp. Tbk PT |
|
|
358,900 |
|
|
|
198,628 |
|
Indika Energy Tbk PT |
|
|
488,300 |
|
|
|
41,946 |
|
Indo Tambangraya Megah Tbk PT |
|
|
156,400 |
|
|
|
129,111 |
|
Mitra Adiperkasa Tbk PT |
|
|
2,458,300 |
|
|
|
186,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,374,293 |
|
|
|
|
|
|
|
|
|
|
Ireland0.2% |
|
|
|
|
|
Origin Enterprises PLC |
|
|
37,213 |
|
|
|
154,862 |
|
Smurfit Kappa Group PLC |
|
|
8,244 |
|
|
|
318,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
473,238 |
|
|
|
|
|
|
|
|
|
|
Israel0.5% |
|
|
|
|
|
Bank Leumi Le-Israel BM |
|
|
30,819 |
|
|
|
224,761 |
|
First International Bank of Israel Ltd. |
|
|
7,890 |
|
|
|
228,519 |
|
Harel Insurance Investments & Financial Services Ltd. |
|
|
18,674 |
|
|
|
146,017 |
|
Hilan Ltd. |
|
|
7,382 |
|
|
|
297,537 |
|
Teva Pharmaceutical Industries Ltd. ADR (e) |
|
|
10,685 |
|
|
|
104,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,001,547 |
|
|
|
|
|
|
|
|
|
|
Italy1.6% |
|
|
|
|
|
Amplifon SpA |
|
|
9,717 |
|
|
|
279,648 |
|
Enav SpA (a) |
|
|
41,049 |
|
|
|
244,958 |
|
Enel SpA |
|
|
118,177 |
|
|
|
938,777 |
|
Eni SpA |
|
|
23,607 |
|
|
|
366,646 |
|
Intesa Sanpaolo SpA |
|
|
137,499 |
|
|
|
362,198 |
|
Iren SpA |
|
|
67,468 |
|
|
|
209,025 |
|
Mediobanca Banca di Credito Finanziario SpA |
|
|
18,024 |
|
|
|
198,454 |
|
Moncler SpA |
|
|
8,143 |
|
|
|
366,496 |
|
Telecom Italia SpA (e) |
|
|
550,345 |
|
|
|
343,695 |
|
Unipol Gruppo SpA |
|
|
39,730 |
|
|
|
228,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,537,989 |
|
|
|
|
|
|
|
|
|
|
Japan7.7% |
|
|
|
|
|
Aeon Co., Ltd. |
|
|
14,700 |
|
|
|
303,355 |
|
AGC, Inc. |
|
|
7,200 |
|
|
|
257,457 |
|
Astellas Pharma, Inc. |
|
|
54,500 |
|
|
|
930,314 |
|
Bandai Namco Holdings, Inc. |
|
|
6,500 |
|
|
|
395,409 |
|
Chubu Electric Power Co., Inc. |
|
|
21,300 |
|
|
|
301,094 |
|
Dai-ichi Life Holdings, Inc. |
|
|
19,700 |
|
|
|
324,661 |
|
Daikin Industries Ltd. |
|
|
3,000 |
|
|
|
423,269 |
|
East Japan Railway Co. |
|
|
3,700 |
|
|
|
333,969 |
|
Exedy Corp. |
|
|
5,926 |
|
|
|
134,055 |
|
Hitachi Ltd. |
|
|
12,400 |
|
|
|
523,227 |
|
Honda Motor Co., Ltd. |
|
|
22,300 |
|
|
|
631,124 |
|
Hoya Corp. |
|
|
5,300 |
|
|
|
505,948 |
|
ITOCHU Corp. |
|
|
21,923 |
|
|
|
508,102 |
|
JFE Holdings, Inc. |
|
|
14,200 |
|
|
|
182,206 |
|
JVCKenwood Corp. |
|
|
61,000 |
|
|
|
152,719 |
|
JXTG Holdings, Inc. |
|
|
56,500 |
|
|
|
256,430 |
|
Kajima Corp. |
|
|
22,100 |
|
|
|
293,824 |
|
Kansai Electric Power Co., Inc. |
|
|
23,500 |
|
|
|
272,243 |
|
Kikkoman Corp. |
|
|
6,100 |
|
|
|
298,624 |
|
Mazda Motor Corp. |
|
|
29,200 |
|
|
|
248,826 |
|
Mitsubishi Chemical Holdings Corp. |
|
|
32,794 |
|
|
|
244,354 |
|
Mitsubishi Corp. |
|
|
22,000 |
|
|
|
582,810 |
|
Mitsui & Co., Ltd. |
|
|
41,200 |
|
|
|
732,351 |
|
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Mitsui Matsushima Holdings Co., Ltd. |
|
|
15,200 |
|
|
$ |
168,851 |
|
Mitsui Sugar Co., Ltd. |
|
|
10,100 |
|
|
|
210,842 |
|
Nidec Corp. |
|
|
2,700 |
|
|
|
368,776 |
|
Nippon Telegraph & Telephone Corp. |
|
|
17,096 |
|
|
|
432,079 |
|
Nissan Motor Co., Ltd. |
|
|
53,841 |
|
|
|
311,994 |
|
Obayashi Corp. |
|
|
32,000 |
|
|
|
355,413 |
|
Recruit Holdings Co., Ltd. |
|
|
27,300 |
|
|
|
1,022,530 |
|
SBI Holdings, Inc. |
|
|
10,700 |
|
|
|
225,901 |
|
Secom Co., Ltd. |
|
|
3,700 |
|
|
|
330,198 |
|
Shiseido Co., Ltd. |
|
|
9,400 |
|
|
|
667,494 |
|
SoftBank Group Corp. |
|
|
13,600 |
|
|
|
590,472 |
|
Sojitz Corp. |
|
|
62,716 |
|
|
|
202,140 |
|
Sony Corp. |
|
|
11,500 |
|
|
|
780,823 |
|
Sumitomo Electric Industries Ltd. |
|
|
18,800 |
|
|
|
282,341 |
|
Sumitomo Mitsui Financial Group, Inc. |
|
|
12,300 |
|
|
|
454,305 |
|
Sumitomo Rubber Industries Ltd. |
|
|
19,800 |
|
|
|
241,436 |
|
Teijin Ltd. |
|
|
9,700 |
|
|
|
181,217 |
|
Toyota Motor Corp. |
|
|
14,349 |
|
|
|
1,011,052 |
|
Toyota Tsusho Corp. |
|
|
7,000 |
|
|
|
245,893 |
|
YA-MAN Ltd. |
|
|
22,300 |
|
|
|
149,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,069,359 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)1.6% |
|
|
|
|
|
Dongwon Industries Co., Ltd. |
|
|
1,105 |
|
|
|
201,898 |
|
Hana Financial Group, Inc. |
|
|
7,660 |
|
|
|
243,649 |
|
HDC Hyundai Development Co-Engineering & Construction |
|
|
1 |
|
|
|
22 |
|
Industrial Bank of Korea |
|
|
14,317 |
|
|
|
145,938 |
|
KB Financial Group, Inc. |
|
|
7,167 |
|
|
|
295,266 |
|
LG Corp. |
|
|
2,955 |
|
|
|
188,285 |
|
LG Electronics, Inc. |
|
|
4,336 |
|
|
|
269,340 |
|
POSCO |
|
|
1,173 |
|
|
|
238,428 |
|
Samsung Electronics Co., Ltd. GDR |
|
|
788 |
|
|
|
940,084 |
|
Shinhan Financial Group Co., Ltd. |
|
|
10,621 |
|
|
|
398,211 |
|
SK Hynix, Inc. |
|
|
6,090 |
|
|
|
495,347 |
|
SK Telecom Co., Ltd. |
|
|
1,058 |
|
|
|
217,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,634,467 |
|
|
|
|
|
|
|
|
|
|
Malaysia0.5% |
|
|
|
|
|
AirAsia Group Bhd. |
|
|
305,900 |
|
|
|
127,188 |
|
CIMB Group Holdings Bhd. |
|
|
141,100 |
|
|
|
177,718 |
|
Genting Bhd. |
|
|
129,200 |
|
|
|
191,184 |
|
Hong Leong Financial Group Bhd. |
|
|
52,300 |
|
|
|
216,079 |
|
Petronas Chemicals Group Bhd. |
|
|
110,200 |
|
|
|
198,041 |
|
Petronas Dagangan Bhd. |
|
|
53,300 |
|
|
|
300,997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,211,207 |
|
|
|
|
|
|
|
|
|
|
Mexico0.7% |
|
|
|
|
|
Banco del Bajio S.A. (a) |
|
|
59,200 |
|
|
|
99,160 |
|
Grupo Financiero Banorte S.A.B de C.V., Class O |
|
|
74,900 |
|
|
|
418,521 |
|
Megacable Holdings S.A.B de C.V. UNIT |
|
|
47,700 |
|
|
|
195,366 |
|
Ternium S.A. ADR |
|
|
9,479 |
|
|
|
208,538 |
|
Wal-Mart de Mexico S.A.B de C.V. |
|
|
218,700 |
|
|
|
626,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,547,929 |
|
|
|
|
|
|
|
|
|
|
Netherlands1.2% |
|
|
|
|
|
Aegon NV |
|
|
48,100 |
|
|
|
220,183 |
|
AerCap Holdings NV (e) |
|
|
4,653 |
|
|
|
286,020 |
|
ASML Holding NV |
|
|
3,110 |
|
|
|
920,735 |
|
ASR Nederland NV |
|
|
6,012 |
|
|
|
225,303 |
|
Flow Traders (a) |
|
|
7,809 |
|
|
|
188,677 |
|
Koninklijke Ahold Delhaize NV |
|
|
19,948 |
|
|
|
500,144 |
|
NIBC Holding NV (a) |
|
|
23,679 |
|
|
|
200,354 |
|
Signify NV (a) |
|
|
6,980 |
|
|
|
218,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,759,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
New Zealand0.7% |
|
|
|
|
|
a2 Milk Co., Ltd. (e) |
|
|
36,165 |
|
|
$ |
366,184 |
|
Air New Zealand Ltd. |
|
|
177,543 |
|
|
|
350,199 |
|
Auckland International Airport Ltd. |
|
|
52,887 |
|
|
|
311,736 |
|
Oceania Healthcare Ltd. |
|
|
301,697 |
|
|
|
268,095 |
|
Summerset Group Holdings Ltd. |
|
|
38,100 |
|
|
|
228,350 |
|
Synlait Milk Ltd. (e) |
|
|
11,224 |
|
|
|
67,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,591,802 |
|
|
|
|
|
|
|
|
|
|
Norway1.1% |
|
|
|
|
|
Austevoll Seafood ASA |
|
|
13,592 |
|
|
|
139,414 |
|
Elkem ASA (a) |
|
|
85,536 |
|
|
|
241,207 |
|
Equinor ASA |
|
|
17,004 |
|
|
|
339,098 |
|
FLEX LNG Ltd. |
|
|
18,750 |
|
|
|
195,133 |
|
Frontline Ltd. |
|
|
24,298 |
|
|
|
308,074 |
|
Norsk Hydro ASA |
|
|
65,672 |
|
|
|
244,209 |
|
Norwegian Finans Holding ASA (e) |
|
|
20,382 |
|
|
|
221,248 |
|
Salmar ASA |
|
|
4,418 |
|
|
|
226,406 |
|
Selvaag Bolig ASA |
|
|
40,090 |
|
|
|
337,220 |
|
Sparebank 1 Nord Norge |
|
|
21,943 |
|
|
|
196,203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,448,212 |
|
|
|
|
|
|
|
|
|
|
Peru0.1% |
|
|
|
|
|
Ferreycorp SAA |
|
|
164,086 |
|
|
|
108,466 |
|
Volcan Cia Minera SAA, Class B (e) |
|
|
750,965 |
|
|
|
100,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
209,335 |
|
|
|
|
|
|
|
|
|
|
Philippines0.5% |
|
|
|
|
|
Globe Telecom, Inc. |
|
|
4,880 |
|
|
|
194,641 |
|
Metro Pacific Investments Corp. |
|
|
1,714,000 |
|
|
|
117,775 |
|
San Miguel Corp. |
|
|
48,130 |
|
|
|
155,847 |
|
SM Prime Holdings, Inc. |
|
|
266,900 |
|
|
|
221,530 |
|
Vista Land & Lifescapes, Inc. |
|
|
2,079,900 |
|
|
|
317,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,007,250 |
|
|
|
|
|
|
|
|
|
|
Poland0.1% |
|
|
|
|
|
Asseco Poland S.A. |
|
|
13,915 |
|
|
|
233,855 |
|
|
|
|
|
|
|
|
|
|
|
|
Qatar0.2% |
|
|
|
|
|
Commercial Bank PQSC |
|
|
125,840 |
|
|
|
162,697 |
|
Industries Qatar QSC |
|
|
82,690 |
|
|
|
233,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
396,164 |
|
|
|
|
|
|
|
|
|
|
Romania0.1% |
|
|
|
|
|
BRD-Groupe Societe Generale S.A. |
|
|
68,519 |
|
|
|
254,262 |
|
|
|
|
|
|
|
|
|
|
|
|
Singapore0.1% |
|
|
|
|
|
United Overseas Bank Ltd. |
|
|
14,300 |
|
|
|
281,233 |
|
|
|
|
|
|
|
|
|
|
|
|
South Africa0.1% |
|
|
|
|
|
Astral Foods Ltd. |
|
|
15,031 |
|
|
|
233,042 |
|
|
|
|
|
|
|
|
|
|
|
|
Spain0.9% |
|
|
|
|
|
Amadeus IT Group S.A. |
|
|
4,572 |
|
|
|
374,432 |
|
Banco Santander S.A. |
|
|
110,185 |
|
|
|
461,978 |
|
CaixaBank S.A. |
|
|
82,431 |
|
|
|
259,580 |
|
International Consolidated Airlines Group S.A. |
|
|
32,761 |
|
|
|
271,070 |
|
Repsol S.A. |
|
|
20,522 |
|
|
|
322,404 |
|
Telefonica S.A. |
|
|
43,267 |
|
|
|
302,570 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,992,034 |
|
|
|
|
|
|
|
|
|
|
Sweden0.9% |
|
|
|
|
|
Dios Fastigheter AB |
|
|
33,015 |
|
|
|
302,523 |
|
Klovern AB, Class B |
|
|
123,568 |
|
|
|
302,927 |
|
Lundin Petroleum AB |
|
|
6,751 |
|
|
|
229,226 |
|
Nyfosa AB (e) |
|
|
17,717 |
|
|
|
153,216 |
|
SSAB AB, Class A |
|
|
62,981 |
|
|
|
221,299 |
|
Swedbank AB, Class A |
|
|
16,598 |
|
|
|
246,746 |
|
Volvo AB, Class B |
|
|
29,313 |
|
|
|
490,734 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,946,671 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Switzerland2.0% |
|
|
|
|
|
Alcon, Inc. (e) |
|
|
3,475 |
|
|
$ |
196,830 |
|
Implenia AG |
|
|
5,313 |
|
|
|
215,510 |
|
Lonza Group AG (e) |
|
|
1,241 |
|
|
|
452,726 |
|
Nestle S.A. |
|
|
7,717 |
|
|
|
835,482 |
|
Novartis AG |
|
|
13,291 |
|
|
|
1,258,519 |
|
Straumann Holding AG |
|
|
261 |
|
|
|
256,023 |
|
Sunrise Communications Group AG (a)(e) |
|
|
2,365 |
|
|
|
185,801 |
|
Swiss Life Holding AG |
|
|
904 |
|
|
|
453,510 |
|
Zurich Insurance Group AG |
|
|
1,301 |
|
|
|
533,669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,388,070 |
|
|
|
|
|
|
|
|
|
|
Taiwan2.5% |
|
|
|
|
|
Asia Cement Corp. |
|
|
169,000 |
|
|
|
270,518 |
|
China Development Financial Holding Corp. |
|
|
823,000 |
|
|
|
267,316 |
|
E.Sun Financial Holding Co., Ltd. |
|
|
307,252 |
|
|
|
286,333 |
|
Far Eastern New Century Corp. |
|
|
214,000 |
|
|
|
213,136 |
|
Formosa Chemicals & Fibre Corp. |
|
|
81,000 |
|
|
|
236,649 |
|
Formosa Plastics Corp. |
|
|
55,000 |
|
|
|
183,172 |
|
Grand Pacific Petrochemical (e) |
|
|
296,000 |
|
|
|
183,790 |
|
Great Wall Enterprise Co., Ltd. |
|
|
169,504 |
|
|
|
246,855 |
|
Hon Hai Precision Industry Co., Ltd. |
|
|
1 |
|
|
|
3 |
|
Lien Hwa Industrial Holdings Corp. |
|
|
197,255 |
|
|
|
242,802 |
|
Nanya Technology Corp. |
|
|
105,000 |
|
|
|
293,852 |
|
Pou Chen Corp. |
|
|
170,000 |
|
|
|
222,374 |
|
Powertech Technology, Inc. |
|
|
52,000 |
|
|
|
173,067 |
|
President Chain Store Corp. |
|
|
24,000 |
|
|
|
243,712 |
|
Ruentex Development Co., Ltd. (e) |
|
|
134,000 |
|
|
|
202,225 |
|
Taiwan Cement Corp. |
|
|
150,054 |
|
|
|
218,878 |
|
Taiwan Semiconductor Manufacturing Co., Ltd. ADR |
|
|
12,407 |
|
|
|
720,847 |
|
Tripod Technology Corp. |
|
|
59,000 |
|
|
|
247,635 |
|
Uni-President Enterprises Corp. |
|
|
85,000 |
|
|
|
210,785 |
|
United Microelectronics Corp. ADR |
|
|
143,986 |
|
|
|
385,882 |
|
Yuanta Financial Holding Co., Ltd. |
|
|
665,000 |
|
|
|
448,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,498,138 |
|
|
|
|
|
|
|
|
|
|
Thailand0.7% |
|
|
|
|
|
Bangkok Dusit Medical Services PCL (c)(d) |
|
|
285,300 |
|
|
|
247,272 |
|
Banpu PCL (c)(d) |
|
|
378,600 |
|
|
|
150,181 |
|
Kiatnakin Bank PCL (c)(d) |
|
|
176,900 |
|
|
|
389,445 |
|
PTT Global Chemical PCL (c)(d) |
|
|
171,100 |
|
|
|
325,105 |
|
Thanachart Capital PCL (c)(d) |
|
|
114,200 |
|
|
|
203,758 |
|
Tisco Financial Group PCL (c)(d) |
|
|
65,200 |
|
|
|
215,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,531,617 |
|
|
|
|
|
|
|
|
|
|
Turkey0.6% |
|
|
|
|
|
Akbank T.A.S. (e) |
|
|
112,673 |
|
|
|
153,474 |
|
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT |
|
|
460,283 |
|
|
|
112,947 |
|
Eregli Demir ve Celik Fabrikalari T.A.S |
|
|
121,203 |
|
|
|
184,072 |
|
Haci Omer Sabanci Holding A/S |
|
|
105,417 |
|
|
|
169,073 |
|
Soda Sanayii AS |
|
|
182,075 |
|
|
|
189,145 |
|
TAV Havalimanlari Holding AS |
|
|
38,706 |
|
|
|
189,718 |
|
Trakya Cam Sanayii AS |
|
|
372,303 |
|
|
|
218,891 |
|
Turk Hava Yollari AO (e) |
|
|
53,783 |
|
|
|
130,648 |
|
Yatas Yatak ve Yorgan Sanayi ve Ticaret AS (e) |
|
|
48,820 |
|
|
|
60,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,408,164 |
|
|
|
|
|
|
|
|
|
|
United Arab Emirates0.3% |
|
|
|
|
|
Aldar Properties PJSC |
|
|
737,166 |
|
|
|
433,891 |
|
DP World PLC |
|
|
13,407 |
|
|
|
175,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
609,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
United Kingdom4.2% |
|
|
|
|
|
Alliance Pharma PLC |
|
|
277,616 |
|
|
$ |
308,392 |
|
Anglo American PLC |
|
|
17,926 |
|
|
|
514,977 |
|
Aviva PLC |
|
|
64,772 |
|
|
|
359,520 |
|
BP PLC |
|
|
166,546 |
|
|
|
1,047,708 |
|
British American Tobacco PLC |
|
|
5,316 |
|
|
|
225,941 |
|
Diageo PLC |
|
|
8,245 |
|
|
|
347,417 |
|
easyJet PLC |
|
|
11,778 |
|
|
|
221,860 |
|
HSBC Holdings PLC |
|
|
50,574 |
|
|
|
395,915 |
|
Informa PLC |
|
|
31,418 |
|
|
|
357,337 |
|
J Sainsbury PLC |
|
|
67,396 |
|
|
|
205,507 |
|
Keller Group PLC |
|
|
22,750 |
|
|
|
225,651 |
|
Legal & General Group PLC |
|
|
105,189 |
|
|
|
422,550 |
|
Lloyds Banking Group PLC |
|
|
465,910 |
|
|
|
385,969 |
|
Marstons PLC |
|
|
142,831 |
|
|
|
240,655 |
|
Morgan Sindall Group PLC |
|
|
11,799 |
|
|
|
253,189 |
|
National Express Group PLC |
|
|
55,599 |
|
|
|
346,534 |
|
Rio Tinto PLC |
|
|
9,463 |
|
|
|
560,162 |
|
Royal Dutch Shell PLC, Class A |
|
|
10,029 |
|
|
|
295,704 |
|
Royal Dutch Shell PLC, Class B |
|
|
34,877 |
|
|
|
1,035,277 |
|
Standard Life Aberdeen PLC |
|
|
90,182 |
|
|
|
392,348 |
|
Taylor Wimpey PLC |
|
|
78,240 |
|
|
|
200,613 |
|
TUI AG |
|
|
16,095 |
|
|
|
203,123 |
|
Vesuvius PLC |
|
|
29,556 |
|
|
|
195,749 |
|
Vodafone Group PLC |
|
|
258,560 |
|
|
|
501,961 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,244,059 |
|
|
|
|
|
|
|
|
|
|
United States45.6% |
|
|
|
|
|
Abbott Laboratories |
|
|
6,851 |
|
|
|
595,078 |
|
AbbVie, Inc. |
|
|
6,272 |
|
|
|
555,323 |
|
ABIOMED, Inc. (e) |
|
|
1,074 |
|
|
|
183,214 |
|
Adobe, Inc. (e) |
|
|
3,304 |
|
|
|
1,089,692 |
|
AES Corp. |
|
|
20,731 |
|
|
|
412,547 |
|
Aflac, Inc. |
|
|
9,979 |
|
|
|
527,889 |
|
Agilent Technologies, Inc. |
|
|
4,736 |
|
|
|
404,028 |
|
Align Technology, Inc. (e) |
|
|
1,405 |
|
|
|
392,051 |
|
Allstate Corp. |
|
|
4,929 |
|
|
|
554,266 |
|
Ally Financial, Inc. |
|
|
5,731 |
|
|
|
175,139 |
|
Alphabet, Inc., Class A (e) |
|
|
1,003 |
|
|
|
1,343,408 |
|
Alphabet, Inc., Class C (e) |
|
|
944 |
|
|
|
1,262,147 |
|
Amazon.com, Inc. (e) |
|
|
1,773 |
|
|
|
3,276,220 |
|
American Equity Investment Life Holding Co. |
|
|
7,897 |
|
|
|
236,357 |
|
American Express Co. |
|
|
4,726 |
|
|
|
588,340 |
|
AMETEK, Inc. |
|
|
3,505 |
|
|
|
349,589 |
|
Antero Resources Corp. (e) |
|
|
32,281 |
|
|
|
92,001 |
|
Anthem, Inc. |
|
|
3,147 |
|
|
|
950,488 |
|
Apple, Inc. |
|
|
15,792 |
|
|
|
4,637,321 |
|
Archer-Daniels-Midland Co. |
|
|
11,980 |
|
|
|
555,273 |
|
AT&T, Inc. |
|
|
41,871 |
|
|
|
1,636,319 |
|
Athene Holding Ltd., Class A (e) |
|
|
9,364 |
|
|
|
440,389 |
|
AutoZone, Inc. (e) |
|
|
365 |
|
|
|
434,828 |
|
Avnet, Inc. |
|
|
9,015 |
|
|
|
382,597 |
|
AXA Equitable Holdings, Inc. |
|
|
15,364 |
|
|
|
380,720 |
|
Bank of America Corp. |
|
|
34,544 |
|
|
|
1,216,640 |
|
Baxter International, Inc. |
|
|
3,938 |
|
|
|
329,296 |
|
Becton Dickinson and Co. |
|
|
1,935 |
|
|
|
526,262 |
|
Berkshire Hathaway, Inc., Class B (e) |
|
|
2,443 |
|
|
|
553,340 |
|
Best Buy Co., Inc. |
|
|
5,177 |
|
|
|
454,541 |
|
BGC Partners, Inc., Class A |
|
|
19,921 |
|
|
|
118,331 |
|
Boeing Co. |
|
|
2,650 |
|
|
|
863,264 |
|
BorgWarner, Inc. |
|
|
4,245 |
|
|
|
184,148 |
|
Boston Beer Co., Inc., Class A (e) |
|
|
815 |
|
|
|
307,948 |
|
Boston Scientific Corp. (e) |
|
|
17,218 |
|
|
|
778,598 |
|
Broadridge Financial Solutions, Inc. |
|
|
4,103 |
|
|
|
506,885 |
|
Bunge Ltd. |
|
|
6,733 |
|
|
|
387,484 |
|
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
CAI International, Inc. (e) |
|
|
10,215 |
|
|
$ |
296,031 |
|
Carnival Corp. |
|
|
3,016 |
|
|
|
153,303 |
|
Caterpillar, Inc. |
|
|
1,702 |
|
|
|
251,351 |
|
CDW Corp. |
|
|
4,497 |
|
|
|
642,351 |
|
Centene Corp. (e) |
|
|
4,636 |
|
|
|
291,465 |
|
Chevron Corp. |
|
|
8,509 |
|
|
|
1,025,420 |
|
Cigna Corp. |
|
|
2,194 |
|
|
|
448,651 |
|
Cisco Systems, Inc. |
|
|
29,650 |
|
|
|
1,422,014 |
|
Citi Trends, Inc. |
|
|
7,084 |
|
|
|
163,782 |
|
Citigroup, Inc. |
|
|
8,165 |
|
|
|
652,302 |
|
Citizens Financial Group, Inc. |
|
|
9,551 |
|
|
|
387,866 |
|
Comcast Corp., Class A |
|
|
22,302 |
|
|
|
1,002,921 |
|
Conagra Brands, Inc. |
|
|
13,566 |
|
|
|
464,500 |
|
ConocoPhillips |
|
|
8,076 |
|
|
|
525,182 |
|
Constellation Brands, Inc., Class A |
|
|
2,171 |
|
|
|
411,947 |
|
Costco Wholesale Corp. |
|
|
4,214 |
|
|
|
1,238,579 |
|
Coty, Inc., Class A |
|
|
19,512 |
|
|
|
219,510 |
|
Crown Castle International Corp. REIT |
|
|
3,348 |
|
|
|
475,918 |
|
CSX Corp. |
|
|
8,313 |
|
|
|
601,529 |
|
Cushman & Wakefield PLC (e) |
|
|
8,349 |
|
|
|
170,654 |
|
CVS Health Corp. |
|
|
12,679 |
|
|
|
941,923 |
|
Dana, Inc. |
|
|
9,906 |
|
|
|
180,289 |
|
Danaher Corp. |
|
|
4,163 |
|
|
|
638,937 |
|
Duke Energy Corp. |
|
|
3,190 |
|
|
|
290,960 |
|
Eastman Chemical Co. |
|
|
2,695 |
|
|
|
213,606 |
|
Eaton Corp. PLC |
|
|
6,755 |
|
|
|
639,834 |
|
Edison International |
|
|
3,397 |
|
|
|
256,168 |
|
Eli Lilly & Co. |
|
|
6,671 |
|
|
|
876,770 |
|
Encompass Health Corp. |
|
|
2,246 |
|
|
|
155,580 |
|
Entergy Corp. |
|
|
5,440 |
|
|
|
651,712 |
|
EOG Resources, Inc. |
|
|
4,268 |
|
|
|
357,488 |
|
Exelon Corp. |
|
|
16,657 |
|
|
|
759,393 |
|
Exxon Mobil Corp. |
|
|
11,535 |
|
|
|
804,912 |
|
Facebook, Inc., Class A (e) |
|
|
8,464 |
|
|
|
1,737,236 |
|
FedEx Corp. |
|
|
879 |
|
|
|
132,914 |
|
FLIR Systems, Inc. |
|
|
6,782 |
|
|
|
353,139 |
|
Fortinet, Inc. (e) |
|
|
4,198 |
|
|
|
448,178 |
|
Garmin Ltd. |
|
|
4,146 |
|
|
|
404,484 |
|
Garrett Motion, Inc. (e) |
|
|
1,276 |
|
|
|
12,747 |
|
General Motors Co. |
|
|
15,368 |
|
|
|
562,469 |
|
Global Payments, Inc. |
|
|
2,436 |
|
|
|
444,716 |
|
Globus Medical, Inc., Class A (e) |
|
|
5,185 |
|
|
|
305,293 |
|
GMS, Inc. (e) |
|
|
7,468 |
|
|
|
202,233 |
|
Haemonetics Corp. (e) |
|
|
1,396 |
|
|
|
160,400 |
|
Hartford Financial Services Group, Inc. |
|
|
6,044 |
|
|
|
367,294 |
|
HCA Healthcare, Inc. |
|
|
4,151 |
|
|
|
613,559 |
|
HEICO Corp., Class A |
|
|
3,270 |
|
|
|
292,763 |
|
Hewlett Packard Enterprise Co. |
|
|
24,390 |
|
|
|
386,825 |
|
HollyFrontier Corp. |
|
|
6,410 |
|
|
|
325,051 |
|
Home Depot, Inc. |
|
|
4,601 |
|
|
|
1,004,766 |
|
HP, Inc. |
|
|
25,508 |
|
|
|
524,189 |
|
Humana, Inc. |
|
|
1,357 |
|
|
|
497,368 |
|
Illumina, Inc. (e) |
|
|
2,043 |
|
|
|
677,745 |
|
Intel Corp. |
|
|
19,164 |
|
|
|
1,146,965 |
|
Intuit, Inc. |
|
|
1,571 |
|
|
|
411,492 |
|
Intuitive Surgical, Inc. (e) |
|
|
1,229 |
|
|
|
726,523 |
|
Jacobs Engineering Group, Inc. |
|
|
2,696 |
|
|
|
242,182 |
|
Johnson & Johnson |
|
|
9,730 |
|
|
|
1,419,315 |
|
JPMorgan Chase & Co. |
|
|
14,782 |
|
|
|
2,060,611 |
|
Kohls Corp. |
|
|
3,283 |
|
|
|
167,269 |
|
Korn Ferry |
|
|
2,892 |
|
|
|
122,621 |
|
Lam Research Corp. |
|
|
1,064 |
|
|
|
311,114 |
|
Lear Corp. |
|
|
1,918 |
|
|
|
263,150 |
|
Loews Corp. |
|
|
5,301 |
|
|
|
278,250 |
|
Lululemon Athletica, Inc. (e) |
|
|
2,812 |
|
|
|
651,456 |
|
LyondellBasell Industries NV, Class A |
|
|
2,312 |
|
|
|
218,438 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Macys, Inc. |
|
|
7,033 |
|
|
$ |
119,561 |
|
ManTech International Corp., Class A |
|
|
4,592 |
|
|
|
366,809 |
|
Marathon Petroleum Corp. |
|
|
5,521 |
|
|
|
332,640 |
|
MarineMax, Inc. (e) |
|
|
7,906 |
|
|
|
131,951 |
|
Mastercard, Inc., Class A |
|
|
4,116 |
|
|
|
1,228,996 |
|
MasterCraft Boat Holdings, Inc. (e) |
|
|
7,480 |
|
|
|
117,810 |
|
McDonalds Corp. |
|
|
1,966 |
|
|
|
388,501 |
|
McGrath RentCorp |
|
|
2,211 |
|
|
|
169,230 |
|
MDC Holdings, Inc. |
|
|
4,742 |
|
|
|
180,955 |
|
Mercer International, Inc. |
|
|
15,281 |
|
|
|
187,956 |
|
Merck & Co., Inc. |
|
|
13,596 |
|
|
|
1,236,556 |
|
Merit Medical Systems, Inc. (e) |
|
|
3,990 |
|
|
|
124,568 |
|
Micron Technology, Inc. (e) |
|
|
7,040 |
|
|
|
378,611 |
|
Microsoft Corp. |
|
|
31,781 |
|
|
|
5,011,864 |
|
NetApp, Inc. |
|
|
7,828 |
|
|
|
487,293 |
|
Netflix, Inc. (e) |
|
|
2,101 |
|
|
|
679,821 |
|
Newmark Group, Inc., Class A |
|
|
11,696 |
|
|
|
157,370 |
|
Norfolk Southern Corp. |
|
|
2,378 |
|
|
|
461,641 |
|
Northern Oil and Gas, Inc. (e) |
|
|
63,315 |
|
|
|
148,157 |
|
NVIDIA Corp. |
|
|
2,917 |
|
|
|
686,370 |
|
OReilly Automotive, Inc. (e) |
|
|
1,420 |
|
|
|
622,329 |
|
Occidental Petroleum Corp. |
|
|
6,095 |
|
|
|
251,175 |
|
Old Dominion Freight Line, Inc. |
|
|
3,020 |
|
|
|
573,136 |
|
Ollies Bargain Outlet Holdings, Inc. (e) |
|
|
1,780 |
|
|
|
116,252 |
|
Oracle Corp. |
|
|
12,458 |
|
|
|
660,025 |
|
Owens Corning |
|
|
3,205 |
|
|
|
208,710 |
|
PACCAR, Inc. |
|
|
9,037 |
|
|
|
714,827 |
|
PBF Energy, Inc., Class A |
|
|
4,430 |
|
|
|
138,969 |
|
Pfizer, Inc. |
|
|
21,813 |
|
|
|
854,633 |
|
Phillips 66 |
|
|
3,249 |
|
|
|
361,971 |
|
Planet Fitness, Inc., Class A (e) |
|
|
2,493 |
|
|
|
186,177 |
|
PNC Financial Services Group, Inc. |
|
|
4,808 |
|
|
|
767,501 |
|
Procter & Gamble Co. |
|
|
9,336 |
|
|
|
1,166,066 |
|
Progressive Corp. |
|
|
5,987 |
|
|
|
433,399 |
|
Prudential Financial, Inc. |
|
|
4,319 |
|
|
|
404,863 |
|
PulteGroup, Inc. |
|
|
9,298 |
|
|
|
360,762 |
|
Quest Diagnostics, Inc. |
|
|
3,099 |
|
|
|
330,942 |
|
RadNet, Inc. (e) |
|
|
19,280 |
|
|
|
391,384 |
|
Ralph Lauren Corp. |
|
|
2,309 |
|
|
|
270,661 |
|
Reinsurance Group of America, Inc. |
|
|
2,016 |
|
|
|
328,729 |
|
Reliance Steel & Aluminum Co. |
|
|
1,193 |
|
|
|
142,874 |
|
Robert Half International, Inc. |
|
|
4,323 |
|
|
|
272,997 |
|
Ross Stores, Inc. |
|
|
5,084 |
|
|
|
591,879 |
|
Sabre Corp. |
|
|
7,658 |
|
|
|
171,846 |
|
Salesforce.com, Inc. (e) |
|
|
5,498 |
|
|
|
894,195 |
|
Santander Consumer USA Holdings, Inc. |
|
|
5,676 |
|
|
|
132,648 |
|
Simply Good Foods Co. (e) |
|
|
11,779 |
|
|
|
336,173 |
|
SS&C Technologies Holdings, Inc. |
|
|
8,440 |
|
|
|
518,216 |
|
Synovus Financial Corp. |
|
|
3,392 |
|
|
|
132,966 |
|
Sysco Corp. |
|
|
4,355 |
|
|
|
372,527 |
|
T Rowe Price Group, Inc. |
|
|
2,067 |
|
|
|
251,843 |
|
Target Corp. |
|
|
5,639 |
|
|
|
722,976 |
|
TE Connectivity Ltd. |
|
|
3,988 |
|
|
|
382,210 |
|
Texas Instruments, Inc. |
|
|
5,393 |
|
|
|
691,868 |
|
Thermo Fisher Scientific, Inc. |
|
|
3,159 |
|
|
|
1,026,264 |
|
TJX Cos., Inc. |
|
|
12,258 |
|
|
|
748,474 |
|
Toll Brothers, Inc. |
|
|
2,157 |
|
|
|
85,223 |
|
Tractor Supply Co. |
|
|
3,280 |
|
|
|
306,483 |
|
Tyson Foods, Inc., Class A |
|
|
6,035 |
|
|
|
549,426 |
|
Union Pacific Corp. |
|
|
4,570 |
|
|
|
826,210 |
|
United Rentals, Inc. (e) |
|
|
1,840 |
|
|
|
306,857 |
|
UnitedHealth Group, Inc. |
|
|
4,580 |
|
|
|
1,346,428 |
|
Unum Group |
|
|
9,067 |
|
|
|
264,394 |
|
Verint Systems, Inc. (e) |
|
|
2,845 |
|
|
|
157,499 |
|
Verizon Communications, Inc. |
|
|
17,721 |
|
|
|
1,088,069 |
|
Verso Corp., Class A (e) |
|
|
8,673 |
|
|
|
156,374 |
|
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
ViacomCBS, Inc., Class B |
|
|
6,791 |
|
|
$ |
285,018 |
|
Visa, Inc., Class A |
|
|
9,193 |
|
|
|
1,727,365 |
|
Vishay Intertechnology, Inc. |
|
|
6,348 |
|
|
|
135,149 |
|
Vistra Energy Corp. |
|
|
13,815 |
|
|
|
317,607 |
|
Voya Financial, Inc. |
|
|
6,356 |
|
|
|
387,589 |
|
Walgreens Boots Alliance, Inc. |
|
|
7,056 |
|
|
|
416,022 |
|
WellCare Health Plans, Inc. (e) |
|
|
697 |
|
|
|
230,156 |
|
Wells Fargo & Co. |
|
|
5,753 |
|
|
|
309,511 |
|
Xenia Hotels & Resorts, Inc. REIT |
|
|
5,777 |
|
|
|
124,841 |
|
Zebra Technologies Corp., Class A (e) |
|
|
867 |
|
|
|
221,466 |
|
Zoetis, Inc. |
|
|
4,126 |
|
|
|
546,076 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101,684,454 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$190,609,210) |
|
|
|
216,266,519 |
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK0.7% |
|
|
|
|
|
|
|
Brazil0.2% |
|
|
|
|
|
Petroleo Brasileiro S.A. |
|
|
58,500 |
|
|
|
441,853 |
|
|
|
|
|
|
|
|
|
|
|
|
Colombia0.1% |
|
|
|
|
|
Grupo Aval Acciones y Valores S.A. |
|
|
533,748 |
|
|
|
237,330 |
|
|
|
|
|
|
|
|
|
|
|
|
Germany0.1% |
|
|
|
|
|
Sixt SE |
|
|
2,993 |
|
|
|
217,748 |
|
|
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)0.3% |
|
|
|
|
|
Samsung Electronics Co., Ltd. |
|
|
17,948 |
|
|
|
702,697 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$1,238,224) |
|
|
|
1,599,628 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS0.3% |
|
|
|
|
|
iShares Core MSCI EAFE |
|
|
2,734 |
|
|
|
178,366 |
|
iShares Core MSCI Emerging Markets |
|
|
2,496 |
|
|
|
134,185 |
|
iShares Core S&P 500 |
|
|
692 |
|
|
|
223,682 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Funds (cost$509,879) |
|
|
|
536,233 |
|
|
|
|
|
|
|
|
|
|
|
|
RIGHTS0.0% |
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels0.0% |
|
|
|
|
|
Repsol S.A., exercise price EUR 0.43, expires 8/01/20 (e) (cost$9,698) |
|
|
20,522 |
|
|
|
9,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements0.5% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $1,218,017; collateralized by U.S. Treasury
Bonds, 2.50%, due 2/15/46, valued at $1,247,186 including accrued interest (cost$1,218,000) |
|
$ |
1,218 |
|
|
|
1,218,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$193,585,011) (b)98.6% |
|
|
|
219,630,117 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities1.4% |
|
|
|
3,211,590 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
222,841,707 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
|
Actual amount rounds to less than $1. |
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $2,674,550, representing 1.2% of net assets. |
(b) |
Securities with an aggregate value of $91,565,366, representing 41.1% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Fair-ValuedSecurities with an aggregate value of $1,531,617, representing 0.7% of net assets. |
(e) |
Non-income producing. |
Glossary:
ADRAmerican Depositary Receipt
EAFEEurope, Australasia and Far East
EUREuro
GDRGlobal Depositary
Receipt
MSCIMorgan Stanley Capital International
REITReal Estate Investment Trust
UNITMore than one class of securities traded
together
Schedule of Investments
AllianzGI Best Styles Global Equity Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Banks |
|
|
10.2 |
% |
Oil, Gas & Consumable Fuels |
|
|
5.4 |
% |
Software |
|
|
5.1 |
% |
Insurance |
|
|
4.2 |
% |
Pharmaceuticals |
|
|
4.1 |
% |
Healthcare Providers & Services |
|
|
3.7 |
% |
Technology Hardware, Storage & Peripherals |
|
|
3.4 |
% |
Interactive Media & Services |
|
|
3.1 |
% |
Semiconductors & Semiconductor Equipment |
|
|
2.9 |
% |
Food Products |
|
|
2.9 |
% |
Healthcare Equipment & Supplies |
|
|
2.8 |
% |
Metals & Mining |
|
|
2.5 |
% |
Diversified Telecommunication Services |
|
|
2.4 |
% |
IT Services |
|
|
2.3 |
% |
Internet & Direct Marketing Retail |
|
|
2.2 |
% |
Real Estate Management & Development |
|
|
2.2 |
% |
Food & Staples Retailing |
|
|
2.1 |
% |
Specialty Retail |
|
|
2.0 |
% |
Trading Companies & Distributors |
|
|
1.9 |
% |
Automobiles |
|
|
1.8 |
% |
Electric Utilities |
|
|
1.8 |
% |
Chemicals |
|
|
1.5 |
% |
Road & Rail |
|
|
1.4 |
% |
Electronic Equipment, Instruments & Components |
|
|
1.4 |
% |
Capital Markets |
|
|
1.3 |
% |
Household Durables |
|
|
1.2 |
% |
Textiles, Apparel & Luxury Goods |
|
|
1.2 |
% |
Construction & Engineering |
|
|
1.2 |
% |
Life Sciences Tools & Services |
|
|
1.2 |
% |
Auto Components |
|
|
1.1 |
% |
Media |
|
|
1.0 |
% |
Machinery |
|
|
1.0 |
% |
Hotels, Restaurants & Leisure |
|
|
0.9 |
% |
Electrical Equipment |
|
|
0.8 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
0.8 |
% |
Paper & Forest Products |
|
|
0.7 |
% |
Industrial Conglomerates |
|
|
0.7 |
% |
Diversified Financial Services |
|
|
0.7 |
% |
Biotechnology |
|
|
0.7 |
% |
Airlines |
|
|
0.7 |
% |
Aerospace & Defense |
|
|
0.7 |
% |
Wireless Telecommunication Services |
|
|
0.7 |
% |
Personal Products |
|
|
0.7 |
% |
Communications Equipment |
|
|
0.6 |
% |
Professional Services |
|
|
0.6 |
% |
Building Products |
|
|
0.6 |
% |
Multi-Line Retail |
|
|
0.6 |
% |
Beverages |
|
|
0.6 |
% |
Transportation Infrastructure |
|
|
0.5 |
% |
Household Products |
|
|
0.5 |
% |
Construction Materials |
|
|
0.5 |
% |
Commercial Services & Supplies |
|
|
0.5 |
% |
Consumer Finance |
|
|
0.4 |
% |
Leisure Equipment & Products |
|
|
0.4 |
% |
Independent Power Producers & Energy Traders |
|
|
0.3 |
% |
Multi-Utilities |
|
|
0.3 |
% |
Entertainment |
|
|
0.3 |
% |
Exchange-Traded Funds |
|
|
0.3 |
% |
Containers & Packaging |
|
|
0.1 |
% |
Tobacco |
|
|
0.1 |
% |
Commercial Services |
|
|
0.1 |
% |
Air Freight & Logistics |
|
|
0.1 |
% |
Thrifts & Mortgage Finance |
|
|
0.1 |
% |
Repurchase Agreements |
|
|
0.5 |
% |
Other assets less liabilities |
|
|
1.4 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles International Equity Fund
December 31,
2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK97.6% |
|
|
|
|
|
|
|
Australia3.6% |
|
|
|
|
|
ASX Ltd. |
|
|
792 |
|
|
$ |
43,608 |
|
Aurizon Holdings Ltd. |
|
|
27,019 |
|
|
|
99,158 |
|
Austal Ltd. |
|
|
3,951 |
|
|
|
10,581 |
|
Australian Pharmaceutical Industries Ltd. |
|
|
36,421 |
|
|
|
34,253 |
|
Brambles Ltd. |
|
|
1,791 |
|
|
|
14,741 |
|
Bravura Solutions Ltd. |
|
|
3,358 |
|
|
|
12,239 |
|
Breville Group Ltd. |
|
|
534 |
|
|
|
6,549 |
|
Cleanaway Waste Management Ltd. |
|
|
7,377 |
|
|
|
10,412 |
|
Coca-Cola Amatil Ltd. |
|
|
4,371 |
|
|
|
33,944 |
|
Harvey Norman Holdings Ltd. |
|
|
5,626 |
|
|
|
16,068 |
|
IDP Education Ltd. |
|
|
1,446 |
|
|
|
17,430 |
|
Jumbo Interactive Ltd. |
|
|
742 |
|
|
|
7,781 |
|
Link Administration Holdings Ltd. |
|
|
8,595 |
|
|
|
35,315 |
|
Macquarie Group Ltd. |
|
|
284 |
|
|
|
27,504 |
|
Magellan Financial Group Ltd. |
|
|
661 |
|
|
|
26,483 |
|
NRW Holdings Ltd. |
|
|
3,410 |
|
|
|
7,738 |
|
Orora Ltd. |
|
|
31,669 |
|
|
|
70,594 |
|
Qantas Airways Ltd. |
|
|
19,559 |
|
|
|
97,492 |
|
Service Stream Ltd. |
|
|
3,438 |
|
|
|
6,407 |
|
Sims Metal Management Ltd. |
|
|
2,742 |
|
|
|
20,526 |
|
South32 Ltd. |
|
|
15,607 |
|
|
|
29,468 |
|
Star Entertainment Group Ltd. |
|
|
6,941 |
|
|
|
22,392 |
|
Steadfast Group Ltd. |
|
|
3,429 |
|
|
|
8,376 |
|
Super Retail Group Ltd. |
|
|
2,954 |
|
|
|
20,964 |
|
Technology One Ltd. |
|
|
1,996 |
|
|
|
11,599 |
|
Wesfarmers Ltd. |
|
|
6,112 |
|
|
|
177,625 |
|
Woodside Petroleum Ltd. |
|
|
944 |
|
|
|
22,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
892,072 |
|
|
|
|
|
|
|
|
|
|
Austria0.6% |
|
|
|
|
|
Erste Group Bank AG (e) |
|
|
153 |
|
|
|
5,747 |
|
Mayr Melnhof Karton AG |
|
|
224 |
|
|
|
30,051 |
|
OMV AG |
|
|
1,944 |
|
|
|
108,912 |
|
Telekom Austria AG (e) |
|
|
282 |
|
|
|
2,303 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
147,013 |
|
|
|
|
|
|
|
|
|
|
Belgium0.6% |
|
|
|
|
|
Barco NV |
|
|
104 |
|
|
|
25,579 |
|
Cofinimmo S.A. REIT |
|
|
102 |
|
|
|
14,988 |
|
Colruyt S.A. |
|
|
90 |
|
|
|
4,692 |
|
UCB S.A. |
|
|
1,152 |
|
|
|
91,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
136,929 |
|
|
|
|
|
|
|
|
|
|
Brazil0.2% |
|
|
|
|
|
Banco Santander Brasil S.A. ADR |
|
|
2,212 |
|
|
|
26,832 |
|
Porto Seguro S.A. |
|
|
1,200 |
|
|
|
18,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,593 |
|
|
|
|
|
|
|
|
|
|
Canada1.2% |
|
|
|
|
|
Aecon Group, Inc. |
|
|
391 |
|
|
|
5,275 |
|
Canfor Corp. (e) |
|
|
731 |
|
|
|
6,834 |
|
Capital Power Corp. |
|
|
856 |
|
|
|
22,670 |
|
Empire Co., Ltd., Class A |
|
|
2,974 |
|
|
|
69,761 |
|
Manulife Financial Corp. |
|
|
4,963 |
|
|
|
100,747 |
|
Methanex Corp. |
|
|
605 |
|
|
|
23,365 |
|
Parkland Fuel Corp. |
|
|
417 |
|
|
|
15,321 |
|
Sun Life Financial, Inc. |
|
|
979 |
|
|
|
44,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
288,586 |
|
|
|
|
|
|
|
|
|
|
China1.3% |
|
|
|
|
|
Agricultural Bank of China Ltd., Class H |
|
|
98,000 |
|
|
|
43,136 |
|
Bank of China Ltd., Class H |
|
|
61,000 |
|
|
|
26,076 |
|
Bosideng International Holdings Ltd. |
|
|
48,000 |
|
|
|
17,316 |
|
China Mobile Ltd. |
|
|
15,000 |
|
|
|
126,748 |
|
China Petroleum & Chemical Corp. ADR |
|
|
363 |
|
|
|
21,834 |
|
Guangdong Investment Ltd. |
|
|
16,000 |
|
|
|
33,465 |
|
Lenovo Group Ltd. |
|
|
58,000 |
|
|
|
38,950 |
|
Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H |
|
|
15,400 |
|
|
|
12,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
320,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Denmark1.5% |
|
|
|
|
|
Alm Brand A/S |
|
|
7,920 |
|
|
$ |
70,321 |
|
AP MollerMaersk A/S, Class A |
|
|
11 |
|
|
|
14,910 |
|
Carlsberg A/S, Class B |
|
|
615 |
|
|
|
91,780 |
|
Novo Nordisk A/S, Class B |
|
|
2,794 |
|
|
|
161,909 |
|
Ringkjoebing Landbobank A/S |
|
|
99 |
|
|
|
7,638 |
|
Topdanmark A/S |
|
|
743 |
|
|
|
36,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
383,185 |
|
|
|
|
|
|
|
|
|
|
Finland0.8% |
|
|
|
|
|
Cramo Oyj |
|
|
530 |
|
|
|
7,871 |
|
TietoEVRY Oyj |
|
|
232 |
|
|
|
7,214 |
|
UPM-Kymmene Oyj |
|
|
3,242 |
|
|
|
112,480 |
|
Valmet Oyj |
|
|
3,414 |
|
|
|
81,867 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
209,432 |
|
|
|
|
|
|
|
|
|
|
France9.0% |
|
|
|
|
|
Alten S.A. |
|
|
571 |
|
|
|
72,200 |
|
Amundi S.A. (a) |
|
|
199 |
|
|
|
15,649 |
|
ArcelorMittal S.A. |
|
|
2,474 |
|
|
|
43,554 |
|
Arkema S.A. |
|
|
122 |
|
|
|
13,045 |
|
Bouygues S.A. |
|
|
2,833 |
|
|
|
120,762 |
|
Christian Dior SE |
|
|
145 |
|
|
|
74,529 |
|
CNP Assurances |
|
|
679 |
|
|
|
13,529 |
|
Credit Agricole S.A. |
|
|
3,344 |
|
|
|
48,660 |
|
Dassault Aviation S.A. |
|
|
18 |
|
|
|
23,623 |
|
Eiffage S.A. |
|
|
1,061 |
|
|
|
121,725 |
|
Engie S.A. |
|
|
9,123 |
|
|
|
147,777 |
|
Gaztransport Et Technigaz S.A. |
|
|
111 |
|
|
|
10,691 |
|
Ipsen S.A. |
|
|
228 |
|
|
|
20,239 |
|
Kaufman & Broad S.A. |
|
|
340 |
|
|
|
14,111 |
|
Kering S.A. |
|
|
337 |
|
|
|
222,054 |
|
Lagardere SCA |
|
|
574 |
|
|
|
12,510 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
|
619 |
|
|
|
288,426 |
|
Orange S.A. |
|
|
3,910 |
|
|
|
57,462 |
|
Peugeot S.A. |
|
|
5,132 |
|
|
|
123,564 |
|
Rubis SCA |
|
|
86 |
|
|
|
5,292 |
|
Sanofi |
|
|
3,538 |
|
|
|
355,312 |
|
Sartorius Stedim Biotech |
|
|
141 |
|
|
|
23,404 |
|
Societe Generale S.A. |
|
|
4,547 |
|
|
|
158,681 |
|
STMicroelectronics NV |
|
|
2,618 |
|
|
|
70,635 |
|
Total S.A. |
|
|
1,462 |
|
|
|
81,127 |
|
Veolia Environnement S.A. |
|
|
2,116 |
|
|
|
56,303 |
|
Wendel S.A. |
|
|
161 |
|
|
|
21,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,216,311 |
|
|
|
|
|
|
|
|
|
|
Germany5.4% |
|
|
|
|
|
Adidas AG |
|
|
715 |
|
|
|
232,424 |
|
Covestro AG (a) |
|
|
1,801 |
|
|
|
83,801 |
|
Deutsche Lufthansa AG |
|
|
6,041 |
|
|
|
111,197 |
|
Deutsche Post AG |
|
|
2,220 |
|
|
|
84,414 |
|
Deutsche Telekom AG |
|
|
11,068 |
|
|
|
180,875 |
|
Deutz AG |
|
|
2,530 |
|
|
|
15,745 |
|
Dialog Semiconductor PLC (e) |
|
|
648 |
|
|
|
32,910 |
|
Hannover Rueck SE |
|
|
316 |
|
|
|
60,929 |
|
HOCHTIEF AG |
|
|
401 |
|
|
|
51,054 |
|
Merck KGaA |
|
|
1,003 |
|
|
|
118,247 |
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
|
|
577 |
|
|
|
170,269 |
|
SAP SE |
|
|
769 |
|
|
|
103,506 |
|
Siltronic AG |
|
|
321 |
|
|
|
32,252 |
|
Software AG |
|
|
315 |
|
|
|
10,967 |
|
TAG Immobilien AG (e) |
|
|
994 |
|
|
|
24,687 |
|
Talanx AG (e) |
|
|
227 |
|
|
|
11,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,324,512 |
|
|
|
|
|
|
|
|
|
|
Greece0.4% |
|
|
|
|
|
Hellenic Petroleum S.A. |
|
|
5,048 |
|
|
|
49,710 |
|
Mytilineos S.A. |
|
|
5,418 |
|
|
|
59,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
109,216 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles International Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Hong Kong2.9% |
|
|
|
|
|
AIA Group Ltd. |
|
|
24,800 |
|
|
$ |
260,845 |
|
CITIC Telecom International Holdings Ltd. |
|
|
17,000 |
|
|
|
6,196 |
|
CK Asset Holdings Ltd. |
|
|
11,500 |
|
|
|
82,987 |
|
CK Hutchison Holdings Ltd. |
|
|
17,920 |
|
|
|
170,876 |
|
Henderson Land Development Co., Ltd. |
|
|
7,260 |
|
|
|
35,625 |
|
Hongkong Land Holdings Ltd. |
|
|
1,100 |
|
|
|
6,327 |
|
I-CABLE Communications Ltd. (e) |
|
|
2,808 |
|
|
|
23 |
|
NagaCorp Ltd. |
|
|
4,000 |
|
|
|
6,986 |
|
Nissin Foods Co., Ltd. |
|
|
8,000 |
|
|
|
6,358 |
|
NWS Holdings Ltd. |
|
|
3,000 |
|
|
|
4,205 |
|
Shun Tak Holdings Ltd. |
|
|
112,000 |
|
|
|
53,478 |
|
WH Group Ltd. (a) |
|
|
70,000 |
|
|
|
72,378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
706,284 |
|
|
|
|
|
|
|
|
|
|
Hungary0.5% |
|
|
|
|
|
OTP Bank Nyrt |
|
|
2,244 |
|
|
|
117,496 |
|
|
|
|
|
|
|
|
|
|
|
|
Ireland0.4% |
|
|
|
|
|
C&C Group PLC |
|
|
2,348 |
|
|
|
12,643 |
|
CRH PLC |
|
|
1,381 |
|
|
|
55,698 |
|
Dalata Hotel Group PLC |
|
|
2,267 |
|
|
|
13,096 |
|
Kingspan Group PLC |
|
|
182 |
|
|
|
11,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
92,526 |
|
|
|
|
|
|
|
|
|
|
Israel0.5% |
|
|
|
|
|
Azrieli Group Ltd. |
|
|
219 |
|
|
|
16,042 |
|
Israel Discount Bank Ltd., Class A |
|
|
21,258 |
|
|
|
98,727 |
|
Isramco Negev 2 L.P. |
|
|
28,460 |
|
|
|
5,171 |
|
Strauss Group Ltd. |
|
|
284 |
|
|
|
8,719 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
128,659 |
|
|
|
|
|
|
|
|
|
|
Italy4.2% |
|
|
|
|
|
A2A SpA |
|
|
23,808 |
|
|
|
44,708 |
|
ACEA SpA |
|
|
349 |
|
|
|
7,222 |
|
Davide Campari-Milano SpA |
|
|
2,243 |
|
|
|
20,495 |
|
Enel SpA |
|
|
33,261 |
|
|
|
264,219 |
|
Eni SpA |
|
|
11,532 |
|
|
|
179,106 |
|
ERG SpA |
|
|
544 |
|
|
|
11,728 |
|
EXOR NV |
|
|
457 |
|
|
|
35,432 |
|
Falck Renewables SpA |
|
|
2,508 |
|
|
|
13,403 |
|
Fiat Chrysler Automobiles NV |
|
|
6,095 |
|
|
|
90,368 |
|
Italgas SpA |
|
|
4,997 |
|
|
|
30,550 |
|
Leonardo SpA |
|
|
4,020 |
|
|
|
47,144 |
|
Recordati SpA |
|
|
1,803 |
|
|
|
76,005 |
|
Snam SpA |
|
|
23,736 |
|
|
|
124,799 |
|
Societa Cattolica di Assicurazioni SC |
|
|
7,555 |
|
|
|
61,666 |
|
Unipol Gruppo SpA |
|
|
4,243 |
|
|
|
24,359 |
|
UnipolSai Assicurazioni SpA |
|
|
1,521 |
|
|
|
4,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,035,628 |
|
|
|
|
|
|
|
|
|
|
|
|
Japan24.7% |
|
|
|
|
|
Adastria Co., Ltd. |
|
|
1,400 |
|
|
|
31,855 |
|
Aeon Fantasy Co., Ltd. |
|
|
200 |
|
|
|
5,362 |
|
AEON REIT Investment Corp. REIT |
|
|
6 |
|
|
|
8,216 |
|
AGC, Inc. |
|
|
600 |
|
|
|
21,455 |
|
Aisin Seiki Co., Ltd. |
|
|
1,500 |
|
|
|
55,560 |
|
Akatsuki, Inc. |
|
|
200 |
|
|
|
10,720 |
|
Alfresa Holdings Corp. |
|
|
2,900 |
|
|
|
58,914 |
|
Amada Holdings Co., Ltd. |
|
|
2,800 |
|
|
|
31,846 |
|
ANA Holdings, Inc. |
|
|
1,400 |
|
|
|
46,737 |
|
Anritsu Corp. |
|
|
3,600 |
|
|
|
71,255 |
|
AOI Electronics Co., Ltd. |
|
|
800 |
|
|
|
20,999 |
|
Aoyama Trading Co., Ltd. |
|
|
300 |
|
|
|
4,222 |
|
Asahi Kasei Corp. |
|
|
3,500 |
|
|
|
39,299 |
|
Astellas Pharma, Inc. |
|
|
8,500 |
|
|
|
145,095 |
|
Bandai Namco Holdings, Inc. |
|
|
1,900 |
|
|
|
115,581 |
|
BrainPad, Inc. (e) |
|
|
500 |
|
|
|
25,316 |
|
Dai-ichi Life Holdings, Inc. |
|
|
4,800 |
|
|
|
79,105 |
|
Daiwa Office Investment Corp. REIT |
|
|
2 |
|
|
|
15,358 |
|
Eisai Co., Ltd. |
|
|
1,800 |
|
|
|
134,687 |
|
Enigmo, Inc. (e) |
|
|
1,200 |
|
|
|
9,786 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Fancl Corp. |
|
|
1,500 |
|
|
$ |
39,936 |
|
FUJIFILM Holdings Corp. |
|
|
3,100 |
|
|
|
148,043 |
|
Heiwado Co., Ltd. |
|
|
1,000 |
|
|
|
18,936 |
|
Hikari Tsushin, Inc. |
|
|
200 |
|
|
|
50,260 |
|
Hosiden Corp. |
|
|
1,200 |
|
|
|
15,161 |
|
Hoya Corp. |
|
|
1,400 |
|
|
|
133,647 |
|
Japan Airlines Co., Ltd. |
|
|
2,200 |
|
|
|
68,499 |
|
Japan Best Rescue System Co., Ltd. |
|
|
1,000 |
|
|
|
10,341 |
|
Japan Post Holdings Co., Ltd. |
|
|
7,400 |
|
|
|
69,593 |
|
JFE Holdings, Inc. |
|
|
6,100 |
|
|
|
78,272 |
|
JVCKenwood Corp. |
|
|
2,700 |
|
|
|
6,760 |
|
Kajima Corp. |
|
|
3,500 |
|
|
|
46,533 |
|
Kaken Pharmaceutical Co., Ltd. |
|
|
300 |
|
|
|
16,553 |
|
Kamigumi Co., Ltd. |
|
|
1,000 |
|
|
|
21,982 |
|
Kinden Corp. |
|
|
4,000 |
|
|
|
62,150 |
|
Kobe Bussan Co., Ltd. |
|
|
1,000 |
|
|
|
34,404 |
|
Kohnan Shoji Co., Ltd. |
|
|
400 |
|
|
|
9,397 |
|
Komeri Co., Ltd. |
|
|
300 |
|
|
|
6,444 |
|
Kurita Water Industries Ltd. |
|
|
900 |
|
|
|
26,707 |
|
KYORIN Holdings, Inc. |
|
|
1,700 |
|
|
|
29,627 |
|
Marubeni Corp. |
|
|
17,500 |
|
|
|
129,296 |
|
Matsumotokiyoshi Holdings Co., Ltd. |
|
|
400 |
|
|
|
15,486 |
|
Medipal Holdings Corp. |
|
|
1,200 |
|
|
|
26,484 |
|
Megmilk Snow Brand Co., Ltd. |
|
|
1,500 |
|
|
|
34,158 |
|
Meitec Corp. |
|
|
100 |
|
|
|
5,619 |
|
Miraca Holdings, Inc. |
|
|
400 |
|
|
|
9,797 |
|
Mitsubishi Chemical Holdings Corp. |
|
|
14,600 |
|
|
|
108,787 |
|
Mitsubishi Corp. |
|
|
6,300 |
|
|
|
166,896 |
|
Mitsubishi Heavy Industries Ltd. |
|
|
1,900 |
|
|
|
73,676 |
|
Mitsubishi Tanabe Pharma Corp. |
|
|
1,600 |
|
|
|
29,352 |
|
Mitsui & Co., Ltd. |
|
|
10,000 |
|
|
|
177,755 |
|
Morinaga Milk Industry Co., Ltd. |
|
|
900 |
|
|
|
36,696 |
|
NET One Systems Co., Ltd. |
|
|
1,200 |
|
|
|
30,639 |
|
Nichi-iko Pharmaceutical Co., Ltd. |
|
|
700 |
|
|
|
8,702 |
|
Nihon Unisys Ltd. |
|
|
800 |
|
|
|
25,095 |
|
Nikkiso Co., Ltd. |
|
|
500 |
|
|
|
6,553 |
|
Nikon Corp. |
|
|
2,600 |
|
|
|
31,797 |
|
Nintendo Co., Ltd. |
|
|
200 |
|
|
|
79,992 |
|
Nippon Electric Glass Co., Ltd. |
|
|
1,900 |
|
|
|
42,180 |
|
Nippon Flour Mills Co., Ltd. |
|
|
1,500 |
|
|
|
23,175 |
|
Nippon REIT Investment Corp. REIT |
|
|
4 |
|
|
|
17,597 |
|
Nippon Steel Corp. |
|
|
5,700 |
|
|
|
85,916 |
|
Nippon Telegraph & Telephone Corp. |
|
|
5,200 |
|
|
|
131,423 |
|
Nippon Television Holdings, Inc. |
|
|
2,700 |
|
|
|
36,021 |
|
Nishimatsu Construction Co., Ltd. |
|
|
300 |
|
|
|
6,750 |
|
Nisshin Oillio Group Ltd. |
|
|
2,000 |
|
|
|
69,261 |
|
NTT DOCOMO, Inc. |
|
|
7,100 |
|
|
|
197,779 |
|
Obayashi Corp. |
|
|
9,800 |
|
|
|
108,845 |
|
Obic Co., Ltd. |
|
|
400 |
|
|
|
53,880 |
|
Okinawa Cellular Telephone Co. |
|
|
1,800 |
|
|
|
70,607 |
|
Okumura Corp. |
|
|
700 |
|
|
|
19,244 |
|
ORIX Corp. |
|
|
5,900 |
|
|
|
97,771 |
|
Prima Meat Packers Ltd. |
|
|
1,000 |
|
|
|
23,225 |
|
Rohm Co., Ltd. |
|
|
900 |
|
|
|
71,810 |
|
Sankyo Co., Ltd. |
|
|
300 |
|
|
|
9,964 |
|
SEC Carbon Ltd. |
|
|
100 |
|
|
|
8,663 |
|
Seino Holdings Co., Ltd. |
|
|
2,300 |
|
|
|
31,074 |
|
Sekisui Chemical Co., Ltd. |
|
|
4,900 |
|
|
|
85,015 |
|
Seven & i Holdings Co., Ltd. |
|
|
4,700 |
|
|
|
172,280 |
|
Shindengen Electric Manufacturing Co., Ltd. |
|
|
500 |
|
|
|
17,361 |
|
Shionogi & Co., Ltd. |
|
|
2,200 |
|
|
|
136,095 |
|
SoftBank Group Corp. |
|
|
400 |
|
|
|
17,367 |
|
Sojitz Corp. |
|
|
23,300 |
|
|
|
75,098 |
|
Sompo Holdings, Inc. |
|
|
1,700 |
|
|
|
66,758 |
|
Sony Corp. |
|
|
4,900 |
|
|
|
332,699 |
|
Sony Financial Holdings, Inc. |
|
|
2,000 |
|
|
|
48,010 |
|
Sumco Corp. |
|
|
2,900 |
|
|
|
48,049 |
|
Sumitomo Corp. |
|
|
9,300 |
|
|
|
138,136 |
|
Sumitomo Electric Industries Ltd. |
|
|
3,100 |
|
|
|
46,556 |
|
Sumitomo Forestry Co., Ltd. |
|
|
400 |
|
|
|
5,890 |
|
Schedule of Investments
AllianzGI Best Styles International Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Sumitomo Mitsui Trust Holdings, Inc. |
|
|
1,900 |
|
|
$ |
75,109 |
|
Sushiro Global Holdings Ltd. |
|
|
600 |
|
|
|
51,671 |
|
Suzuken Co., Ltd. |
|
|
900 |
|
|
|
36,682 |
|
Systena Corp. |
|
|
1,200 |
|
|
|
19,489 |
|
Taisho Pharmaceutical Holdings Co., Ltd. |
|
|
100 |
|
|
|
7,380 |
|
Takeda Pharmaceutical Co., Ltd. |
|
|
5,600 |
|
|
|
221,492 |
|
TIS, Inc. |
|
|
200 |
|
|
|
11,823 |
|
Tokio Marine Holdings, Inc. |
|
|
3,200 |
|
|
|
179,164 |
|
Tokyo Electron Ltd. |
|
|
800 |
|
|
|
174,664 |
|
Tokyo Seimitsu Co., Ltd. |
|
|
500 |
|
|
|
19,414 |
|
Tomy Co., Ltd. |
|
|
1,500 |
|
|
|
19,432 |
|
Towa Pharmaceutical Co., Ltd. |
|
|
300 |
|
|
|
7,796 |
|
Toyo Seikan Group Holdings Ltd. |
|
|
1,300 |
|
|
|
22,378 |
|
Toyota Motor Corp. |
|
|
1,200 |
|
|
|
84,554 |
|
USS Co., Ltd. |
|
|
700 |
|
|
|
13,232 |
|
Valor Holdings Co., Ltd. |
|
|
1,700 |
|
|
|
33,208 |
|
ValueCommerce Co., Ltd. |
|
|
1,100 |
|
|
|
23,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,116,936 |
|
|
|
|
|
|
|
|
|
|
Kazakhstan0.0% |
|
|
|
|
|
Halyk Savings Bank of Kazakhstan JSC GDR |
|
|
394 |
|
|
|
5,244 |
|
|
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)0.7% |
|
|
|
|
|
Daeduck Electronics Co. |
|
|
892 |
|
|
|
8,049 |
|
Deutsch Motors, Inc. (e) |
|
|
982 |
|
|
|
6,506 |
|
JYP Entertainment Corp. |
|
|
453 |
|
|
|
9,421 |
|
Power Logics Co., Ltd. (e) |
|
|
2,863 |
|
|
|
25,148 |
|
Samsung Electronics Co., Ltd. GDR |
|
|
49 |
|
|
|
58,638 |
|
SK Hynix, Inc. |
|
|
472 |
|
|
|
38,392 |
|
SK Telecom Co., Ltd. |
|
|
140 |
|
|
|
28,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
175,001 |
|
|
|
|
|
|
|
|
|
|
Mexico0.3% |
|
|
|
|
|
Alfa S.A.B de C.V., Class A |
|
|
12,600 |
|
|
|
10,449 |
|
Wal-Mart de Mexico S.A.B de C.V. |
|
|
19,400 |
|
|
|
55,561 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
66,010 |
|
|
|
|
|
|
|
|
|
|
Netherlands3.5% |
|
|
|
|
|
Aalberts NV |
|
|
100 |
|
|
|
4,501 |
|
ASM International NV |
|
|
280 |
|
|
|
31,604 |
|
ASR Nederland NV |
|
|
1,597 |
|
|
|
59,848 |
|
BE Semiconductor Industries NV |
|
|
867 |
|
|
|
33,660 |
|
ING Groep NV |
|
|
7,432 |
|
|
|
89,350 |
|
Koninklijke Ahold Delhaize NV |
|
|
5,532 |
|
|
|
138,700 |
|
Koninklijke BAM Groep NV |
|
|
6,501 |
|
|
|
19,671 |
|
Koninklijke DSM NV |
|
|
1,106 |
|
|
|
144,605 |
|
Koninklijke KPN NV |
|
|
37,221 |
|
|
|
110,151 |
|
Koninklijke Philips NV |
|
|
733 |
|
|
|
35,832 |
|
Unilever NV |
|
|
3,478 |
|
|
|
199,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
867,527 |
|
|
|
|
|
|
|
|
|
|
New Zealand0.4% |
|
|
|
|
|
Air New Zealand Ltd. |
|
|
24,662 |
|
|
|
48,645 |
|
Auckland International Airport Ltd. |
|
|
2,679 |
|
|
|
15,791 |
|
Contact Energy Ltd. |
|
|
4,226 |
|
|
|
20,300 |
|
New Zealand Refining Co., Ltd. |
|
|
13,081 |
|
|
|
16,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101,292 |
|
|
|
|
|
|
|
|
|
|
Norway1.6% |
|
|
|
|
|
Austevoll Seafood ASA |
|
|
2,179 |
|
|
|
22,350 |
|
DNO ASA |
|
|
4,100 |
|
|
|
5,408 |
|
Equinor ASA |
|
|
8,925 |
|
|
|
177,985 |
|
Grieg Seafood ASA |
|
|
303 |
|
|
|
4,845 |
|
Orkla ASA |
|
|
883 |
|
|
|
8,954 |
|
Salmar ASA |
|
|
494 |
|
|
|
25,316 |
|
SpareBank 1 SR Bank ASA |
|
|
5,431 |
|
|
|
61,861 |
|
Telenor ASA |
|
|
4,383 |
|
|
|
78,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
385,287 |
|
|
|
|
|
|
|
|
|
|
Philippines0.0% |
|
|
|
|
|
Globe Telecom, Inc. |
|
|
120 |
|
|
|
4,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Portugal0.3% |
|
|
|
|
|
Altri SGPS S.A. |
|
|
800 |
|
|
$ |
5,107 |
|
Galp Energia SGPS S.A. |
|
|
4,474 |
|
|
|
75,110 |
|
NOS SGPS S.A. |
|
|
1,178 |
|
|
|
6,361 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
86,578 |
|
|
|
|
|
|
|
|
|
|
Russian Federation0.1% |
|
|
|
|
|
X5 Retail Group NV GDR |
|
|
1,019 |
|
|
|
35,170 |
|
|
|
|
|
|
|
|
|
|
|
|
Singapore1.9% |
|
|
|
|
|
Ascott Residence Trust REIT (c)(d) |
|
|
10,200 |
|
|
|
10,087 |
|
Best World International Ltd. (c)(d) |
|
|
18,600 |
|
|
|
12,446 |
|
CapitaLand Mall Trust REIT |
|
|
11,300 |
|
|
|
20,685 |
|
DBS Group Holdings Ltd. |
|
|
9,200 |
|
|
|
177,387 |
|
Fortune Real Estate Investment Trust REIT |
|
|
5,000 |
|
|
|
5,834 |
|
Frasers Commercial Trust REIT |
|
|
9,100 |
|
|
|
11,232 |
|
Hi-P International Ltd. |
|
|
6,000 |
|
|
|
6,832 |
|
Mapletree North Asia Commercial Trust REIT |
|
|
22,300 |
|
|
|
19,255 |
|
Oversea-Chinese Banking Corp., Ltd. |
|
|
10,000 |
|
|
|
81,806 |
|
QAF Ltd. |
|
|
43,700 |
|
|
|
26,183 |
|
Singapore Airlines Ltd. |
|
|
5,400 |
|
|
|
36,306 |
|
Singapore Technologies Engineering Ltd. |
|
|
10,800 |
|
|
|
31,629 |
|
Yangzijiang Shipbuilding Holdings Ltd. |
|
|
33,400 |
|
|
|
27,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
467,523 |
|
|
|
|
|
|
|
|
|
|
Spain3.6% |
|
|
|
|
|
ACS Actividades de Construccion y Servicios S.A. |
|
|
1,818 |
|
|
|
72,928 |
|
Banco Bilbao Vizcaya Argentaria S.A. |
|
|
5,365 |
|
|
|
30,121 |
|
Banco Santander S.A. |
|
|
14,854 |
|
|
|
62,279 |
|
CaixaBank S.A. |
|
|
9,644 |
|
|
|
30,370 |
|
Cia de Distribucion Integral Logista Holdings S.A. |
|
|
1,596 |
|
|
|
35,998 |
|
CIE Automotive S.A. |
|
|
1,641 |
|
|
|
38,943 |
|
Ence Energia y Celulosa S.A. |
|
|
4,347 |
|
|
|
17,949 |
|
Iberdrola S.A. |
|
|
23,776 |
|
|
|
245,025 |
|
International Consolidated Airlines Group S.A. |
|
|
5,064 |
|
|
|
41,116 |
|
International Consolidated Airlines Group S.A. |
|
|
9,265 |
|
|
|
76,660 |
|
Melia Hotels International S.A. |
|
|
5,064 |
|
|
|
44,721 |
|
Red Electrica Corp. S.A. |
|
|
2,212 |
|
|
|
44,571 |
|
Repsol S.A. |
|
|
9,331 |
|
|
|
146,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
887,272 |
|
|
|
|
|
|
|
|
|
|
Sweden1.7% |
|
|
|
|
|
Adapteo Oyj (e) |
|
|
530 |
|
|
|
6,506 |
|
Bravida Holding AB (a) |
|
|
761 |
|
|
|
7,395 |
|
Electrolux AB, Ser. B |
|
|
1,581 |
|
|
|
38,866 |
|
Lindab International AB |
|
|
484 |
|
|
|
6,184 |
|
Loomis AB, Class B |
|
|
390 |
|
|
|
16,166 |
|
Nobina AB (a) |
|
|
11,074 |
|
|
|
76,200 |
|
SAS AB (e) |
|
|
5,875 |
|
|
|
9,557 |
|
Skandinaviska Enskilda Banken AB, Class A |
|
|
8,252 |
|
|
|
77,601 |
|
SSAB AB, Class B |
|
|
7,308 |
|
|
|
23,881 |
|
Volvo AB, Class B |
|
|
9,873 |
|
|
|
165,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
427,642 |
|
|
|
|
|
|
|
|
|
|
Switzerland9.2% |
|
|
|
|
|
Baloise Holding AG |
|
|
602 |
|
|
|
108,953 |
|
Cembra Money Bank AG |
|
|
244 |
|
|
|
26,696 |
|
Credit Suisse Group AG (e) |
|
|
8,126 |
|
|
|
109,845 |
|
Flughafen Zurich AG |
|
|
262 |
|
|
|
47,823 |
|
Forbo Holding AG |
|
|
8 |
|
|
|
13,613 |
|
Huber + Suhner AG |
|
|
68 |
|
|
|
5,398 |
|
Interroll Holding AG |
|
|
6 |
|
|
|
13,484 |
|
Kardex AG |
|
|
49 |
|
|
|
8,253 |
|
LafargeHolcim Ltd. (e) |
|
|
2,989 |
|
|
|
165,822 |
|
Nestle S.A. |
|
|
4,234 |
|
|
|
458,395 |
|
Schedule of Investments
AllianzGI Best Styles International Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Novartis AG |
|
|
2,891 |
|
|
$ |
273,748 |
|
OC Oerlikon Corp. AG |
|
|
4,600 |
|
|
|
53,907 |
|
Partners Group Holding AG |
|
|
164 |
|
|
|
150,310 |
|
PSP Swiss Property AG |
|
|
269 |
|
|
|
37,142 |
|
Roche Holding AG |
|
|
1,535 |
|
|
|
498,546 |
|
Sulzer AG |
|
|
173 |
|
|
|
19,285 |
|
Sunrise Communications Group AG (a)(e) |
|
|
130 |
|
|
|
10,213 |
|
Swiss Life Holding AG |
|
|
266 |
|
|
|
133,444 |
|
Zurich Insurance Group AG |
|
|
331 |
|
|
|
135,776 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,270,653 |
|
|
|
|
|
|
|
|
|
|
Taiwan0.9% |
|
|
|
|
|
Center Laboratories, Inc. |
|
|
3,449 |
|
|
|
6,906 |
|
China Development Financial Holding Corp. |
|
|
68,000 |
|
|
|
22,087 |
|
Compeq Manufacturing Co., Ltd. |
|
|
6,000 |
|
|
|
9,048 |
|
Elan Microelectronics Corp. |
|
|
6,000 |
|
|
|
18,279 |
|
Formosa Chemicals & Fibre Corp. |
|
|
11,000 |
|
|
|
32,138 |
|
Formosa Plastics Corp. |
|
|
6,000 |
|
|
|
19,982 |
|
Global Mixed Mode Technology, Inc. |
|
|
2,000 |
|
|
|
8,444 |
|
Mitac Holdings Corp. |
|
|
22,476 |
|
|
|
21,762 |
|
Realtek Semiconductor Corp. |
|
|
2,000 |
|
|
|
15,717 |
|
SCI Pharmtech, Inc. |
|
|
4,000 |
|
|
|
14,541 |
|
Unimicron Technology Corp. |
|
|
8,000 |
|
|
|
11,273 |
|
United Integrated Services Co., Ltd. |
|
|
6,000 |
|
|
|
39,237 |
|
Yuanta Financial Holding Co., Ltd. |
|
|
22,000 |
|
|
|
14,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
234,245 |
|
|
|
|
|
|
|
|
|
|
Thailand0.2% |
|
|
|
|
|
Electricity Generating PCL (c)(d) |
|
|
2,300 |
|
|
|
25,154 |
|
PTT PCL (c)(d) |
|
|
19,800 |
|
|
|
29,053 |
|
Sri Trang Agro-Industry PCL (c)(d) |
|
|
18,700 |
|
|
|
6,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,439 |
|
|
|
|
|
|
|
|
|
|
Turkey0.1% |
|
|
|
|
|
Soda Sanayii AS |
|
|
11,099 |
|
|
|
11,530 |
|
Vestel Beyaz Esya Sanayi ve Ticaret AS |
|
|
2,300 |
|
|
|
8,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,876 |
|
|
|
|
|
|
|
|
|
|
United Kingdom15.3% |
|
|
|
|
|
Admiral Group PLC |
|
|
1,390 |
|
|
|
42,476 |
|
Anglo American PLC |
|
|
1,893 |
|
|
|
54,382 |
|
AstraZeneca PLC |
|
|
1,266 |
|
|
|
126,716 |
|
Auto Trader Group PLC (a) |
|
|
4,562 |
|
|
|
36,027 |
|
Barratt Developments PLC |
|
|
8,781 |
|
|
|
86,944 |
|
Bellway PLC |
|
|
896 |
|
|
|
45,223 |
|
Berkeley Group Holdings PLC |
|
|
1,836 |
|
|
|
118,169 |
|
BHP Group PLC |
|
|
4,456 |
|
|
|
104,422 |
|
BP PLC |
|
|
52,365 |
|
|
|
329,418 |
|
Carnival PLC |
|
|
2,056 |
|
|
|
98,551 |
|
Centrica PLC |
|
|
26,952 |
|
|
|
31,881 |
|
Coca-Cola HBC AG (e) |
|
|
3,131 |
|
|
|
106,423 |
|
Compass Group PLC |
|
|
5,704 |
|
|
|
142,952 |
|
Computacenter PLC |
|
|
343 |
|
|
|
8,055 |
|
Dart Group PLC |
|
|
6,236 |
|
|
|
139,928 |
|
Diageo PLC |
|
|
278 |
|
|
|
11,714 |
|
Direct Line Insurance Group PLC |
|
|
23,103 |
|
|
|
95,590 |
|
EI Group PLC (e) |
|
|
2,530 |
|
|
|
9,511 |
|
Electrocomponents PLC |
|
|
3,527 |
|
|
|
31,722 |
|
Evraz PLC |
|
|
4,624 |
|
|
|
24,761 |
|
Ferrexpo PLC |
|
|
3,559 |
|
|
|
7,489 |
|
Firstgroup PLC (e) |
|
|
5,754 |
|
|
|
9,558 |
|
GlaxoSmithKline PLC |
|
|
4,487 |
|
|
|
105,431 |
|
Glencore PLC (e) |
|
|
32,652 |
|
|
|
101,669 |
|
Greggs PLC |
|
|
740 |
|
|
|
22,572 |
|
Highland Gold Mining Ltd. |
|
|
12,810 |
|
|
|
33,105 |
|
HSBC Holdings PLC |
|
|
24,833 |
|
|
|
194,404 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Imperial Brands PLC |
|
|
3,138 |
|
|
$ |
77,635 |
|
JD Sports Fashion PLC |
|
|
2,698 |
|
|
|
29,968 |
|
John Laing Group PLC (a) |
|
|
1,378 |
|
|
|
6,957 |
|
Legal & General Group PLC |
|
|
36,067 |
|
|
|
144,883 |
|
Moneysupermarket.com Group PLC |
|
|
3,211 |
|
|
|
14,096 |
|
National Express Group PLC |
|
|
12,590 |
|
|
|
78,470 |
|
Persimmon PLC |
|
|
3,857 |
|
|
|
137,769 |
|
Plus500 Ltd. |
|
|
1,827 |
|
|
|
21,442 |
|
QinetiQ Group PLC |
|
|
2,565 |
|
|
|
12,157 |
|
Redrow PLC |
|
|
1,566 |
|
|
|
15,457 |
|
Rio Tinto PLC |
|
|
3,999 |
|
|
|
236,721 |
|
Royal Dutch Shell PLC, Class A |
|
|
14,318 |
|
|
|
423,526 |
|
Royal Dutch Shell PLC, Class B |
|
|
3,853 |
|
|
|
114,371 |
|
Smith & Nephew PLC |
|
|
211 |
|
|
|
5,085 |
|
Softcat PLC |
|
|
740 |
|
|
|
11,307 |
|
Spirent Communications PLC |
|
|
6,905 |
|
|
|
23,003 |
|
SSE PLC |
|
|
3,128 |
|
|
|
59,658 |
|
Tate & Lyle PLC |
|
|
463 |
|
|
|
4,665 |
|
Taylor Wimpey PLC |
|
|
23,278 |
|
|
|
59,686 |
|
Tesco PLC |
|
|
24,828 |
|
|
|
83,909 |
|
TUI AG |
|
|
5,786 |
|
|
|
73,021 |
|
TUI AG |
|
|
1,015 |
|
|
|
12,931 |
|
Vesuvius PLC |
|
|
885 |
|
|
|
5,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,771,671 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$22,304,342) |
|
|
|
24,137,028 |
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK0.7% |
|
|
|
|
|
|
|
Brazil0.3% |
|
|
|
|
|
Cia Brasileira de Distribuicao |
|
|
2,500 |
|
|
|
54,621 |
|
Cia de Gas de Sao PauloCOMGAS, Class A |
|
|
500 |
|
|
|
17,712 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
72,333 |
|
|
|
|
|
|
|
|
|
|
Germany0.4% |
|
|
|
|
|
Porsche Automobil Holding SE |
|
|
142 |
|
|
|
10,536 |
|
Volkswagen AG |
|
|
459 |
|
|
|
90,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,885 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$144,686) |
|
|
|
173,218 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS0.3% |
|
|
|
|
|
|
|
|
iShares Core MSCI EAFE (cost$58,000) |
|
|
953 |
|
|
|
62,174 |
|
|
|
|
|
|
|
|
|
|
|
|
RIGHTS0.0% |
|
|
|
|
|
|
|
Spain0.0% |
|
|
|
|
|
Repsol S.A., expires 1/10/20 (e) (cost$4,409) |
|
|
9,331 |
|
|
|
4,427 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
|
|
Repurchase Agreements1.0% |
|
|
|
|
|
|
|
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $255,004; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $265,027 including accrued interest (cost$255,000) |
|
$ |
255 |
|
|
|
255,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$22,766,437) (b)99.6% |
|
|
|
24,631,847 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities0.4% |
|
|
|
92,885 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
24,724,732 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles International Equity Fund
December 31, 2019 (unaudited) (continued)
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $308,620, representing 1.2% of net assets. |
(b) |
Securities with an aggregate value of $22,439,899, representing 90.8% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Fair-ValuedSecurities with an aggregate value of $82,972, representing 0.3% of net assets. |
(e) |
Non-income producing. |
Glossary:
ADRAmerican Depositary Receipt
EAFEEurope, Australasia and Far East
GDRGlobal Depositary Receipt
MSCIMorgan Stanley Capital International
REITReal Estate Investment Trust
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Pharmaceuticals |
|
|
10.5 |
% |
Insurance |
|
|
8.4 |
% |
Oil, Gas & Consumable Fuels |
|
|
7.4 |
% |
Banks |
|
|
5.7 |
% |
Household Durables |
|
|
4.1 |
% |
Metals & Mining |
|
|
3.4 |
% |
Textiles, Apparel & Luxury Goods |
|
|
3.4 |
% |
Food Products |
|
|
3.3 |
% |
Food & Staples Retailing |
|
|
2.9 |
% |
Construction & Engineering |
|
|
2.8 |
% |
Trading Companies & Distributors |
|
|
2.8 |
% |
Airlines |
|
|
2.7 |
% |
Semiconductors & Semiconductor Equipment |
|
|
2.7 |
% |
Electric Utilities |
|
|
2.6 |
% |
Diversified Telecommunication Services |
|
|
2.3 |
% |
Machinery |
|
|
2.2 |
% |
Hotels, Restaurants & Leisure |
|
|
2.1 |
% |
Chemicals |
|
|
1.9 |
% |
Wireless Telecommunication Services |
|
|
1.8 |
% |
Automobiles |
|
|
1.6 |
% |
Capital Markets |
|
|
1.6 |
% |
Industrial Conglomerates |
|
|
1.2 |
% |
Road & Rail |
|
|
1.2 |
% |
Multi-Utilities |
|
|
1.2 |
% |
IT Services |
|
|
1.1 |
% |
Beverages |
|
|
1.1 |
% |
Technology Hardware, Storage & Peripherals |
|
|
1.1 |
% |
Personal Products |
|
|
1.0 |
% |
Construction Materials |
|
|
0.9 |
% |
Electronic Equipment, Instruments & Components |
|
|
0.9 |
% |
Real Estate Management & Development |
|
|
0.8 |
% |
Multi-Line Retail |
|
|
0.8 |
% |
Healthcare Equipment & Supplies |
|
|
0.7 |
% |
Gas Utilities |
|
|
0.7 |
% |
Diversified Financial Services |
|
|
0.7 |
% |
Specialty Retail |
|
|
0.7 |
% |
Healthcare Providers & Services |
|
|
0.7 |
% |
Software |
|
|
0.6 |
% |
Auto Components |
|
|
0.6 |
% |
Leisure Equipment & Products |
|
|
0.6 |
% |
Paper & Forest Products |
|
|
0.6 |
% |
Aerospace & Defense |
|
|
0.5 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
0.5 |
% |
Containers & Packaging |
|
|
0.5 |
% |
Air Freight & Logistics |
|
|
0.5 |
% |
Entertainment |
|
|
0.4 |
% |
Transportation Infrastructure |
|
|
0.3 |
% |
Media |
|
|
0.3 |
% |
Tobacco |
|
|
0.3 |
% |
Independent Power Producers & Energy Traders |
|
|
0.3 |
% |
Exchange-Traded Funds |
|
|
0.3 |
% |
Commercial Services & Supplies |
|
|
0.2 |
% |
Building Products |
|
|
0.2 |
% |
Interactive Media & Services |
|
|
0.1 |
% |
Water Utilities |
|
|
0.1 |
% |
Diversified Consumer Services |
|
|
0.1 |
% |
Consumer Finance |
|
|
0.1 |
% |
Internet & Direct Marketing Retail |
|
|
0.1 |
% |
Life Sciences Tools & Services |
|
|
0.1 |
% |
Communications Equipment |
|
|
0.1 |
% |
Marine |
|
|
0.1 |
% |
Electrical Equipment |
|
|
0.1 |
% |
Professional Services |
|
|
0.0 |
% |
Repurchase Agreements |
|
|
1.0 |
% |
Other assets less liabilities |
|
|
0.4 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles U.S. Equity Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK98.5% |
|
|
|
|
|
Aerospace & Defense2.5% |
|
|
|
|
|
Boeing Co. |
|
|
575 |
|
|
$ |
187,312 |
|
CAE, Inc. |
|
|
660 |
|
|
|
17,474 |
|
General Dynamics Corp. |
|
|
509 |
|
|
|
89,762 |
|
Huntington Ingalls Industries, Inc. |
|
|
158 |
|
|
|
39,639 |
|
L3Harris Technologies, Inc. |
|
|
1,197 |
|
|
|
236,850 |
|
Lockheed Martin Corp. |
|
|
900 |
|
|
|
350,442 |
|
Mercury Systems, Inc. (b) |
|
|
166 |
|
|
|
11,472 |
|
Northrop Grumman Corp. |
|
|
787 |
|
|
|
270,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,203,656 |
|
|
|
|
|
|
|
|
|
|
Auto Components0.2% |
|
|
|
|
|
Magna International, Inc. |
|
|
1,292 |
|
|
|
70,841 |
|
Tenneco, Inc. Class A |
|
|
2,688 |
|
|
|
35,213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
106,054 |
|
|
|
|
|
|
|
|
|
|
Automobiles0.5% |
|
|
|
|
|
General Motors Co. |
|
|
6,768 |
|
|
|
247,709 |
|
|
|
|
|
|
|
|
|
|
|
|
Banks4.3% |
|
|
|
|
|
Bank of America Corp. |
|
|
18,677 |
|
|
|
657,804 |
|
Bank of Nova Scotia |
|
|
1,088 |
|
|
|
61,457 |
|
Citigroup, Inc. |
|
|
2,197 |
|
|
|
175,518 |
|
Citizens Financial Group, Inc. |
|
|
3,914 |
|
|
|
158,948 |
|
Comerica, Inc. |
|
|
1,780 |
|
|
|
127,715 |
|
JPMorgan Chase & Co. |
|
|
4,756 |
|
|
|
662,986 |
|
Laurentian Bank of Canada |
|
|
1,025 |
|
|
|
35,070 |
|
Popular, Inc. |
|
|
1,073 |
|
|
|
63,039 |
|
Regions Financial Corp. |
|
|
3,872 |
|
|
|
66,444 |
|
Wells Fargo & Co. |
|
|
860 |
|
|
|
46,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,055,249 |
|
|
|
|
|
|
|
|
|
|
Beverages1.1% |
|
|
|
|
|
Coca-Cola Co. |
|
|
5,377 |
|
|
|
297,617 |
|
Constellation Brands, Inc., Class A |
|
|
1,080 |
|
|
|
204,930 |
|
PepsiCo, Inc. |
|
|
303 |
|
|
|
41,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
543,958 |
|
|
|
|
|
|
|
|
|
|
Biotechnology1.8% |
|
|
|
|
|
AbbVie, Inc. |
|
|
2,516 |
|
|
|
222,766 |
|
Alexion Pharmaceuticals, Inc. (b) |
|
|
553 |
|
|
|
59,807 |
|
Amgen, Inc. |
|
|
1,918 |
|
|
|
462,372 |
|
Biogen, Inc. (b) |
|
|
297 |
|
|
|
88,129 |
|
Myriad Genetics, Inc. (b) |
|
|
277 |
|
|
|
7,543 |
|
Vanda Pharmaceuticals, Inc. (b) |
|
|
875 |
|
|
|
14,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
854,976 |
|
|
|
|
|
|
|
|
|
|
Building Products0.8% |
|
|
|
|
|
Allegion PLC |
|
|
1,122 |
|
|
|
139,734 |
|
Armstrong World Industries, Inc. |
|
|
549 |
|
|
|
51,590 |
|
Johnson Controls International PLC |
|
|
4,786 |
|
|
|
194,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
386,162 |
|
|
|
|
|
|
|
|
|
|
Capital Markets2.1% |
|
|
|
|
|
Ameriprise Financial, Inc. |
|
|
1,064 |
|
|
|
177,241 |
|
Apollo Investment Corp. |
|
|
1,075 |
|
|
|
18,770 |
|
Cohen & Steers, Inc. |
|
|
279 |
|
|
|
17,510 |
|
Legg Mason, Inc. |
|
|
688 |
|
|
|
24,706 |
|
Moodys Corp. |
|
|
762 |
|
|
|
180,906 |
|
Morgan Stanley |
|
|
5,829 |
|
|
|
297,979 |
|
S&P Global, Inc. |
|
|
1,118 |
|
|
|
305,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,022,382 |
|
|
|
|
|
|
|
|
|
|
Chemicals0.6% |
|
|
|
|
|
Air Products & Chemicals, Inc. |
|
|
250 |
|
|
|
58,748 |
|
Cabot Corp. |
|
|
238 |
|
|
|
11,310 |
|
Celanese Corp. |
|
|
384 |
|
|
|
47,278 |
|
Corteva, Inc. (b) |
|
|
915 |
|
|
|
27,047 |
|
LyondellBasell Industries NV, Class A |
|
|
1,288 |
|
|
|
121,690 |
|
Rayonier Advanced Materials, Inc. |
|
|
2,240 |
|
|
|
8,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
274,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Commercial Services & Supplies1.2% |
|
|
|
|
|
Advanced Disposal Services, Inc. (b) |
|
|
2,452 |
|
|
$ |
80,597 |
|
Brady Corp., Class A |
|
|
548 |
|
|
|
31,379 |
|
Cintas Corp. |
|
|
679 |
|
|
|
182,705 |
|
McGrath RentCorp |
|
|
147 |
|
|
|
11,251 |
|
Tetra Tech, Inc. |
|
|
411 |
|
|
|
35,412 |
|
Transcontinental, Inc., Class A |
|
|
577 |
|
|
|
7,052 |
|
Waste Management, Inc. |
|
|
2,117 |
|
|
|
241,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
589,649 |
|
|
|
|
|
|
|
|
|
|
Communications Equipment1.5% |
|
|
|
|
|
Cisco Systems, Inc. |
|
|
12,889 |
|
|
|
618,156 |
|
Juniper Networks, Inc. |
|
|
3,954 |
|
|
|
97,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
715,543 |
|
|
|
|
|
|
|
|
|
|
Construction & Engineering0.2% |
|
|
|
|
|
AECOM (b) |
|
|
1,557 |
|
|
|
67,153 |
|
Aecon Group, Inc. |
|
|
1,179 |
|
|
|
15,907 |
|
Badger Daylighting Ltd. |
|
|
419 |
|
|
|
11,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
94,399 |
|
|
|
|
|
|
|
|
|
|
Construction Materials0.3% |
|
|
|
|
|
Summit Materials, Inc., Class A (b) |
|
|
1,609 |
|
|
|
38,455 |
|
Vulcan Materials Co. |
|
|
653 |
|
|
|
94,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
132,481 |
|
|
|
|
|
|
|
|
|
|
Consumer Finance1.2% |
|
|
|
|
|
Ally Financial, Inc. |
|
|
3,521 |
|
|
|
107,602 |
|
Capital One Financial Corp. |
|
|
1,519 |
|
|
|
156,320 |
|
OneMain Holdings, Inc. |
|
|
817 |
|
|
|
34,437 |
|
Santander Consumer USA Holdings, Inc. |
|
|
4,897 |
|
|
|
114,443 |
|
Synchrony Financial |
|
|
4,703 |
|
|
|
169,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
582,157 |
|
|
|
|
|
|
|
|
|
|
Containers & Packaging0.0% |
|
|
|
|
|
Silgan Holdings, Inc. |
|
|
634 |
|
|
|
19,705 |
|
|
|
|
|
|
|
|
|
|
|
|
Distributors0.1% |
|
|
|
|
|
Pool Corp. |
|
|
291 |
|
|
|
61,803 |
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Consumer Services0.1% |
|
|
|
|
|
Bright Horizons Family Solutions, Inc. (b) |
|
|
335 |
|
|
|
50,347 |
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services1.1% |
|
|
|
|
|
Berkshire Hathaway, Inc., Class B (b) |
|
|
2,056 |
|
|
|
465,684 |
|
Onex Corp. |
|
|
153 |
|
|
|
9,681 |
|
Voya Financial, Inc. |
|
|
1,168 |
|
|
|
71,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
546,590 |
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication Services2.2% |
|
|
|
|
|
AT&T, Inc. |
|
|
10,410 |
|
|
|
406,823 |
|
Verizon Communications, Inc. |
|
|
10,080 |
|
|
|
618,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,025,735 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities0.9% |
|
|
|
|
|
Emera, Inc. |
|
|
376 |
|
|
|
16,154 |
|
Entergy Corp. |
|
|
629 |
|
|
|
75,354 |
|
Exelon Corp. |
|
|
5,320 |
|
|
|
242,539 |
|
Fortis, Inc. |
|
|
553 |
|
|
|
22,945 |
|
Hydro One Ltd. (a) |
|
|
978 |
|
|
|
18,889 |
|
Portland General Electric Co. |
|
|
241 |
|
|
|
13,446 |
|
PPL Corp. |
|
|
424 |
|
|
|
15,213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
404,540 |
|
|
|
|
|
|
|
|
|
|
Electrical Equipment0.5% |
|
|
|
|
|
Eaton Corp. PLC |
|
|
2,407 |
|
|
|
227,991 |
|
Regal Beloit Corp. |
|
|
67 |
|
|
|
5,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
233,727 |
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components0.7% |
|
|
|
|
|
CDW Corp. |
|
|
1,084 |
|
|
|
154,839 |
|
Knowles Corp. (b) |
|
|
921 |
|
|
|
19,479 |
|
SYNNEX Corp. |
|
|
418 |
|
|
|
53,838 |
|
Tech Data Corp. (b) |
|
|
412 |
|
|
|
59,163 |
|
Vishay Intertechnology, Inc. |
|
|
1,172 |
|
|
|
24,952 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
312,271 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles U.S. Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Energy Equipment & Services0.0% |
|
|
|
|
|
Hermitage Offshore Services Ltd. (b) |
|
|
28 |
|
|
$ |
28 |
|
Mammoth Energy Services, Inc. |
|
|
2,878 |
|
|
|
6,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,360 |
|
|
|
|
|
|
|
|
|
|
Entertainment1.3% |
|
|
|
|
|
AMC Entertainment Holdings, Inc., Class A |
|
|
2,520 |
|
|
|
18,245 |
|
Take-Two Interactive Software, Inc. (b) |
|
|
1,376 |
|
|
|
168,463 |
|
Walt Disney Co. |
|
|
2,903 |
|
|
|
419,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
606,569 |
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)1.7% |
|
American Tower Corp. |
|
|
1,450 |
|
|
|
333,239 |
|
Apple Hospitality REIT, Inc. |
|
|
1,669 |
|
|
|
27,121 |
|
Brixmor Property Group, Inc. |
|
|
2,470 |
|
|
|
53,377 |
|
Canadian Apartment Properties REIT |
|
|
886 |
|
|
|
36,169 |
|
Douglas Emmett, Inc. |
|
|
842 |
|
|
|
36,964 |
|
Essex Property Trust, Inc. |
|
|
432 |
|
|
|
129,971 |
|
Global Net Lease, Inc. |
|
|
688 |
|
|
|
13,953 |
|
Granite Real Estate Investment Trust |
|
|
266 |
|
|
|
13,515 |
|
Innovative Industrial Properties, Inc. |
|
|
114 |
|
|
|
8,649 |
|
MGM Growth Properties LLC, Class A |
|
|
290 |
|
|
|
8,981 |
|
Mid-America Apartment Communities, Inc. |
|
|
658 |
|
|
|
86,764 |
|
PS Business Parks, Inc. |
|
|
294 |
|
|
|
48,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
797,175 |
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing1.3% |
|
|
|
|
|
Alimentation Couche-Tard, Inc., Class B |
|
|
979 |
|
|
|
31,069 |
|
Costco Wholesale Corp. |
|
|
657 |
|
|
|
193,105 |
|
Empire Co., Ltd., Class A |
|
|
1,902 |
|
|
|
44,615 |
|
Kroger Co. |
|
|
2,729 |
|
|
|
79,114 |
|
Metro, Inc. |
|
|
640 |
|
|
|
26,412 |
|
Walmart, Inc. |
|
|
1,897 |
|
|
|
225,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
599,755 |
|
|
|
|
|
|
|
|
|
|
Food Products0.9% |
|
|
|
|
|
General Mills, Inc. |
|
|
3,915 |
|
|
|
209,687 |
|
Simply Good Foods Co. (b) |
|
|
1,084 |
|
|
|
30,937 |
|
Tyson Foods, Inc., Class A |
|
|
2,187 |
|
|
|
199,105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
439,729 |
|
|
|
|
|
|
|
|
|
|
Healthcare Equipment & Supplies3.6% |
|
|
|
|
|
Abbott Laboratories |
|
|
5,327 |
|
|
|
462,703 |
|
Boston Scientific Corp. (b) |
|
|
1,660 |
|
|
|
75,065 |
|
CONMED Corp. |
|
|
167 |
|
|
|
18,676 |
|
Cutera, Inc. (b) |
|
|
526 |
|
|
|
18,836 |
|
Hologic, Inc. (b) |
|
|
1,345 |
|
|
|
70,222 |
|
Integer Holdings Corp. (b) |
|
|
182 |
|
|
|
14,638 |
|
Intuitive Surgical, Inc. (b) |
|
|
457 |
|
|
|
270,156 |
|
Masimo Corp. (b) |
|
|
459 |
|
|
|
72,550 |
|
Medtronic PLC |
|
|
2,971 |
|
|
|
337,060 |
|
STERIS PLC |
|
|
671 |
|
|
|
102,274 |
|
Stryker Corp. |
|
|
1,328 |
|
|
|
278,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,720,980 |
|
|
|
|
|
|
|
|
|
|
Healthcare Providers & Services4.4% |
|
|
|
|
|
Anthem, Inc. |
|
|
551 |
|
|
|
166,418 |
|
Centene Corp. (b) |
|
|
2,341 |
|
|
|
147,179 |
|
Chemed Corp. |
|
|
73 |
|
|
|
32,066 |
|
Cigna Corp. |
|
|
1,386 |
|
|
|
283,423 |
|
CVS Health Corp. |
|
|
1,846 |
|
|
|
137,139 |
|
HCA Healthcare, Inc. |
|
|
349 |
|
|
|
51,586 |
|
Humana, Inc. |
|
|
593 |
|
|
|
217,346 |
|
Laboratory Corp. of America Holdings (b) |
|
|
968 |
|
|
|
163,756 |
|
MEDNAX, Inc. (b) |
|
|
1,637 |
|
|
|
45,492 |
|
Molina Healthcare, Inc. (b) |
|
|
340 |
|
|
|
46,135 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Patterson Cos., Inc. |
|
|
3,273 |
|
|
$ |
67,031 |
|
UnitedHealth Group, Inc. |
|
|
2,321 |
|
|
|
682,328 |
|
Universal Health Services, Inc., Class B |
|
|
445 |
|
|
|
63,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,103,739 |
|
|
|
|
|
|
|
|
|
|
Healthcare Technology0.0% |
|
|
|
|
|
Allscripts Healthcare Solutions, Inc. (b) |
|
|
2,078 |
|
|
|
20,396 |
|
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure2.7% |
|
|
|
|
|
Chipotle Mexican Grill, Inc. (b) |
|
|
270 |
|
|
|
226,020 |
|
Darden Restaurants, Inc. |
|
|
664 |
|
|
|
72,383 |
|
Dunkin Brands Group, Inc. |
|
|
652 |
|
|
|
49,252 |
|
Hilton Worldwide Holdings, Inc. |
|
|
1,412 |
|
|
|
156,605 |
|
Restaurant Brands International, Inc. |
|
|
2,747 |
|
|
|
175,176 |
|
Starbucks Corp. |
|
|
4,467 |
|
|
|
392,738 |
|
Wingstop, Inc. |
|
|
183 |
|
|
|
15,780 |
|
Yum! Brands, Inc. |
|
|
1,752 |
|
|
|
176,479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,264,433 |
|
|
|
|
|
|
|
|
|
|
Household Durables0.3% |
|
|
|
|
|
MDC Holdings, Inc. |
|
|
721 |
|
|
|
27,513 |
|
PulteGroup, Inc. |
|
|
2,345 |
|
|
|
90,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
118,499 |
|
|
|
|
|
|
|
|
|
|
Household Products3.0% |
|
|
|
|
|
Church & Dwight Co., Inc. |
|
|
2,469 |
|
|
|
173,670 |
|
Colgate-Palmolive Co. |
|
|
3,360 |
|
|
|
231,302 |
|
Kimberly-Clark Corp. |
|
|
1,815 |
|
|
|
249,653 |
|
Procter & Gamble Co. |
|
|
5,916 |
|
|
|
738,908 |
|
Spectrum Brands Holdings, Inc. |
|
|
744 |
|
|
|
47,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,441,365 |
|
|
|
|
|
|
|
|
|
|
Independent Power Producers & Energy Traders0.3% |
|
AES Corp. |
|
|
4,984 |
|
|
|
99,182 |
|
Brookfield Renewable Partners L.P. |
|
|
303 |
|
|
|
14,070 |
|
Capital Power Corp. |
|
|
825 |
|
|
|
21,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
135,101 |
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates0.9% |
|
|
|
|
|
Carlisle Cos., Inc. |
|
|
699 |
|
|
|
113,126 |
|
Honeywell International, Inc. |
|
|
1,832 |
|
|
|
324,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
437,390 |
|
|
|
|
|
|
|
|
|
|
Insurance3.4% |
|
|
|
|
|
Aflac, Inc. |
|
|
3,950 |
|
|
|
208,955 |
|
Allstate Corp. |
|
|
813 |
|
|
|
91,422 |
|
American Equity Investment Life Holding Co. |
|
|
430 |
|
|
|
12,870 |
|
Assurant, Inc. |
|
|
678 |
|
|
|
88,872 |
|
Assured Guaranty Ltd. |
|
|
511 |
|
|
|
25,049 |
|
CNA Financial Corp. |
|
|
384 |
|
|
|
17,207 |
|
First American Financial Corp. |
|
|
1,128 |
|
|
|
65,785 |
|
Genworth Financial, Inc., Class A (b) |
|
|
3,864 |
|
|
|
17,002 |
|
Hartford Financial Services Group, Inc. |
|
|
2,189 |
|
|
|
133,025 |
|
Intact Financial Corp. |
|
|
220 |
|
|
|
23,790 |
|
Loews Corp. |
|
|
1,588 |
|
|
|
83,354 |
|
Manulife Financial Corp. |
|
|
7,498 |
|
|
|
152,206 |
|
MetLife, Inc. |
|
|
4,510 |
|
|
|
229,875 |
|
Principal Financial Group, Inc. |
|
|
2,302 |
|
|
|
126,610 |
|
Progressive Corp. |
|
|
2,813 |
|
|
|
203,633 |
|
Prudential Financial, Inc. |
|
|
428 |
|
|
|
40,121 |
|
RenaissanceRe Holdings Ltd. |
|
|
213 |
|
|
|
41,752 |
|
Universal Insurance Holdings, Inc. |
|
|
610 |
|
|
|
17,074 |
|
Unum Group |
|
|
1,512 |
|
|
|
44,090 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,622,692 |
|
|
|
|
|
|
|
|
|
|
Interactive Media & Services5.4% |
|
|
|
|
|
Alphabet, Inc., Class A (b) |
|
|
532 |
|
|
|
712,555 |
|
Alphabet, Inc., Class C (b) |
|
|
531 |
|
|
|
709,958 |
|
Facebook, Inc., Class A (b) |
|
|
5,482 |
|
|
|
1,125,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,547,694 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles U.S. Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
Internet & Direct Marketing Retail3.1% |
|
Amazon.com, Inc. (b) |
|
|
699 |
|
|
$ |
1,291,640 |
|
Booking Holdings, Inc. (b) |
|
|
99 |
|
|
|
203,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,494,959 |
|
|
|
|
|
|
|
|
|
|
IT Services3.9% |
|
|
|
|
|
Automatic Data Processing, Inc. |
|
|
1,589 |
|
|
|
270,924 |
|
DXC Technology Co. |
|
|
1,996 |
|
|
|
75,030 |
|
Fiserv, Inc. (b) |
|
|
727 |
|
|
|
84,063 |
|
Genpact Ltd. |
|
|
1,334 |
|
|
|
56,255 |
|
International Business Machines Corp. |
|
|
1,000 |
|
|
|
134,040 |
|
Leidos Holdings, Inc. |
|
|
1,000 |
|
|
|
97,890 |
|
Mastercard, Inc., Class A |
|
|
899 |
|
|
|
268,432 |
|
Paychex, Inc. |
|
|
897 |
|
|
|
76,299 |
|
PayPal Holdings, Inc. (b) |
|
|
3,442 |
|
|
|
372,321 |
|
Visa, Inc., Class A |
|
|
2,251 |
|
|
|
422,963 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,858,217 |
|
|
|
|
|
|
|
|
|
|
Life Sciences Tools & Services1.6% |
|
|
|
|
|
Bio-Rad Laboratories, Inc., Class A (b) |
|
|
317 |
|
|
|
117,300 |
|
IQVIA Holdings, Inc. (b) |
|
|
774 |
|
|
|
119,591 |
|
Medpace Holdings, Inc. (b) |
|
|
624 |
|
|
|
52,453 |
|
PRA Health Sciences, Inc. (b) |
|
|
307 |
|
|
|
34,123 |
|
Thermo Fisher Scientific, Inc. |
|
|
1,354 |
|
|
|
439,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
763,341 |
|
|
|
|
|
|
|
|
|
|
Machinery1.1% |
|
|
|
|
|
Ingersoll-Rand PLC |
|
|
1,720 |
|
|
|
228,622 |
|
Oshkosh Corp. |
|
|
738 |
|
|
|
69,852 |
|
PACCAR, Inc. |
|
|
2,276 |
|
|
|
180,032 |
|
Timken Co. |
|
|
675 |
|
|
|
38,009 |
|
Watts Water Technologies, Inc., Class A |
|
|
100 |
|
|
|
9,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
526,491 |
|
|
|
|
|
|
|
|
|
|
Media0.8% |
|
|
|
|
|
Cable One, Inc. |
|
|
75 |
|
|
|
111,635 |
|
Cogeco Communications, Inc. |
|
|
307 |
|
|
|
26,762 |
|
Comcast Corp., Class A |
|
|
1,484 |
|
|
|
66,736 |
|
ViacomCBS, Inc., Class B |
|
|
3,766 |
|
|
|
158,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
363,192 |
|
|
|
|
|
|
|
|
|
|
Metals & Mining0.5% |
|
|
|
|
|
Franco-Nevada Corp. |
|
|
680 |
|
|
|
70,218 |
|
Kirkland Lake Gold Ltd. |
|
|
760 |
|
|
|
33,501 |
|
OceanaGold Corp. |
|
|
2,987 |
|
|
|
5,865 |
|
Reliance Steel & Aluminum Co. |
|
|
257 |
|
|
|
30,778 |
|
Royal Gold, Inc. |
|
|
316 |
|
|
|
38,631 |
|
Teck Resources Ltd., Class B |
|
|
2,421 |
|
|
|
41,986 |
|
Wheaton Precious Metals Corp. |
|
|
506 |
|
|
|
15,057 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
236,036 |
|
|
|
|
|
|
|
|
|
|
Mortgage Real Estate Investment Trusts (REITs)1.3% |
|
AGNC Investment Corp. |
|
|
6,508 |
|
|
|
115,061 |
|
Annaly Capital Management, Inc. |
|
|
12,007 |
|
|
|
113,106 |
|
Anworth Mortgage Asset Corp. |
|
|
2,269 |
|
|
|
7,987 |
|
Arbor Realty Trust, Inc. |
|
|
4,843 |
|
|
|
69,497 |
|
ARMOUR Residential REIT, Inc. |
|
|
2,415 |
|
|
|
43,156 |
|
Chimera Investment Corp. |
|
|
4,379 |
|
|
|
90,032 |
|
Granite Point Mortgage Trust, Inc. |
|
|
1,016 |
|
|
|
18,674 |
|
Invesco Mortgage Capital, Inc. |
|
|
1,945 |
|
|
|
32,384 |
|
MFA Financial, Inc. |
|
|
11,306 |
|
|
|
86,491 |
|
TPG RE Finance Trust, Inc. |
|
|
358 |
|
|
|
7,257 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Two Harbors Investment Corp. |
|
|
3,157 |
|
|
$ |
46,155 |
|
Western Asset Mortgage Capital Corp. |
|
|
441 |
|
|
|
4,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
634,356 |
|
|
|
|
|
|
|
|
|
|
Multi-Line Retail0.1% |
|
|
|
|
|
Macys, Inc. |
|
|
3,638 |
|
|
|
61,846 |
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities0.7% |
|
|
|
|
|
Ameren Corp. |
|
|
1,642 |
|
|
|
126,105 |
|
Black Hills Corp. |
|
|
587 |
|
|
|
46,103 |
|
Canadian Utilities Ltd., Class A |
|
|
448 |
|
|
|
13,514 |
|
Dominion Energy, Inc. |
|
|
605 |
|
|
|
50,106 |
|
DTE Energy Co. |
|
|
215 |
|
|
|
27,922 |
|
MDU Resources Group, Inc. |
|
|
1,578 |
|
|
|
46,882 |
|
NorthWestern Corp. |
|
|
386 |
|
|
|
27,665 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
338,297 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels4.2% |
|
|
|
|
|
Cabot Oil & Gas Corp. |
|
|
2,567 |
|
|
|
44,691 |
|
Chevron Corp. |
|
|
2,045 |
|
|
|
246,443 |
|
ConocoPhillips |
|
|
4,895 |
|
|
|
318,322 |
|
Enbridge, Inc. |
|
|
3,721 |
|
|
|
147,946 |
|
EOG Resources, Inc. |
|
|
1,262 |
|
|
|
105,705 |
|
Exxon Mobil Corp. |
|
|
3,595 |
|
|
|
250,859 |
|
Husky Energy, Inc. |
|
|
2,042 |
|
|
|
16,386 |
|
Inter Pipeline Ltd. |
|
|
1,408 |
|
|
|
24,440 |
|
Keyera Corp. |
|
|
538 |
|
|
|
14,095 |
|
Kinder Morgan, Inc. |
|
|
10,666 |
|
|
|
225,799 |
|
ONEOK, Inc. |
|
|
2,674 |
|
|
|
202,341 |
|
Peabody Energy Corp. |
|
|
622 |
|
|
|
5,673 |
|
Pioneer Natural Resources Co. |
|
|
353 |
|
|
|
53,434 |
|
Suncor Energy, Inc. |
|
|
2,647 |
|
|
|
86,755 |
|
TC Energy Corp. |
|
|
1,757 |
|
|
|
93,577 |
|
Unit Corp. (b) |
|
|
2,371 |
|
|
|
1,649 |
|
Valero Energy Corp. |
|
|
1,784 |
|
|
|
167,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,005,187 |
|
|
|
|
|
|
|
|
|
|
Personal Products0.6% |
|
|
|
|
|
Estee Lauder Cos., Inc., Class A |
|
|
1,410 |
|
|
|
291,221 |
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals5.3% |
|
|
|
|
|
Allergan PLC |
|
|
822 |
|
|
|
157,142 |
|
Bristol-Myers Squibb Co. |
|
|
4,305 |
|
|
|
276,338 |
|
Eli Lilly & Co. |
|
|
652 |
|
|
|
85,692 |
|
Johnson & Johnson |
|
|
4,785 |
|
|
|
697,988 |
|
Merck & Co., Inc. |
|
|
6,748 |
|
|
|
613,731 |
|
Pfizer, Inc. |
|
|
12,462 |
|
|
|
488,261 |
|
Zoetis, Inc. |
|
|
1,568 |
|
|
|
207,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,526,677 |
|
|
|
|
|
|
|
|
|
|
Professional Services1.2% |
|
|
|
|
|
CoStar Group, Inc. (b) |
|
|
237 |
|
|
|
141,797 |
|
Exponent, Inc. |
|
|
570 |
|
|
|
39,336 |
|
Thomson Reuters Corp. |
|
|
645 |
|
|
|
46,139 |
|
TransUnion |
|
|
1,591 |
|
|
|
136,205 |
|
Verisk Analytics, Inc. |
|
|
1,273 |
|
|
|
190,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
553,587 |
|
|
|
|
|
|
|
|
|
|
Road & Rail0.7% |
|
|
|
|
|
Ryder System, Inc. |
|
|
1,561 |
|
|
|
84,778 |
|
Union Pacific Corp. |
|
|
1,315 |
|
|
|
237,739 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
322,517 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Best Styles U.S. Equity Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
Semiconductors & Semiconductor Equipment2.8% |
|
Amkor Technology, Inc. (b) |
|
|
1,048 |
|
|
$ |
13,624 |
|
Applied Materials, Inc. |
|
|
1,967 |
|
|
|
120,066 |
|
Broadcom, Inc. |
|
|
187 |
|
|
|
59,096 |
|
Entegris, Inc. |
|
|
1,435 |
|
|
|
71,879 |
|
FormFactor, Inc. (b) |
|
|
985 |
|
|
|
25,580 |
|
Intel Corp. |
|
|
9,132 |
|
|
|
546,550 |
|
KLA Corp. |
|
|
648 |
|
|
|
115,454 |
|
Lam Research Corp. |
|
|
1,024 |
|
|
|
299,418 |
|
Micron Technology, Inc. (b) |
|
|
1,738 |
|
|
|
93,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,345,137 |
|
|
|
|
|
|
|
|
|
|
Software8.3% |
|
|
|
|
|
Adobe, Inc. (b) |
|
|
1,033 |
|
|
|
340,694 |
|
Cadence Design Systems, Inc. (b) |
|
|
728 |
|
|
|
50,494 |
|
Fortinet, Inc. (b) |
|
|
1,321 |
|
|
|
141,030 |
|
Intuit, Inc. |
|
|
1,188 |
|
|
|
311,173 |
|
LogMeIn, Inc. |
|
|
622 |
|
|
|
53,330 |
|
Microsoft Corp. |
|
|
14,127 |
|
|
|
2,227,828 |
|
Oracle Corp. |
|
|
7,789 |
|
|
|
412,661 |
|
Salesforce.com, Inc. (b) |
|
|
2,606 |
|
|
|
423,840 |
|
SPS Commerce, Inc. (b) |
|
|
170 |
|
|
|
9,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,970,471 |
|
|
|
|
|
|
|
|
|
|
Specialty Retail1.9% |
|
|
|
|
|
Best Buy Co., Inc. |
|
|
1,520 |
|
|
|
133,456 |
|
Home Depot, Inc. |
|
|
848 |
|
|
|
185,186 |
|
MarineMax, Inc. (b) |
|
|
897 |
|
|
|
14,971 |
|
OReilly Automotive, Inc. (b) |
|
|
451 |
|
|
|
197,655 |
|
Rent-A-Center, Inc. |
|
|
1,122 |
|
|
|
32,359 |
|
Ross Stores, Inc. |
|
|
2,041 |
|
|
|
237,613 |
|
Tractor Supply Co. |
|
|
955 |
|
|
|
89,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
890,475 |
|
|
|
|
|
|
|
|
|
|
Technology Hardware, Storage & Peripherals4.8% |
|
Apple, Inc. |
|
|
7,491 |
|
|
|
2,199,732 |
|
Xerox Holdings, Corp. (b) |
|
|
2,650 |
|
|
|
97,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,297,438 |
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury Goods0.4% |
|
|
|
|
|
NIKE, Inc., Class B |
|
|
1,665 |
|
|
|
168,681 |
|
|
|
|
|
|
|
|
|
|
|
|
Thrifts & Mortgage Finance0.5% |
|
|
|
|
|
Essent Group Ltd. |
|
|
1,572 |
|
|
|
81,729 |
|
Flagstar Bancorp, Inc. |
|
|
492 |
|
|
|
18,819 |
|
Genworth MI Canada, Inc. |
|
|
1,120 |
|
|
|
49,007 |
|
New York Community Bancorp, Inc. |
|
|
5,561 |
|
|
|
66,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
216,398 |
|
|
|
|
|
|
|
|
|
|
Tobacco1.0% |
|
|
|
|
|
Altria Group, Inc. |
|
|
1,961 |
|
|
|
97,873 |
|
Philip Morris International, Inc. |
|
|
4,496 |
|
|
|
382,565 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
480,438 |
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors0.2% |
|
|
|
|
|
Aircastle Ltd. |
|
|
2,078 |
|
|
|
66,517 |
|
GMS, Inc. (b) |
|
|
546 |
|
|
|
14,785 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81,302 |
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services0.4% |
|
|
|
|
|
Rogers Communications, Inc., Class B |
|
|
432 |
|
|
|
21,451 |
|
T-Mobile U.S., Inc. (b) |
|
|
1,681 |
|
|
|
131,824 |
|
Telephone & Data Systems, Inc. |
|
|
1,152 |
|
|
|
29,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
182,571 |
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$38,477,195) |
|
|
|
46,934,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements1.3% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $621,009; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $633,986 including accrued interest (cost$621,000) |
|
$ |
621 |
|
|
$ |
621,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$39,098,195)99.8% |
|
|
|
47,555,480 |
|
|
|
|
|
|
|
|
|
Other assets less liabilities0.2% |
|
|
|
83,455 |
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
47,638,935 |
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Security with a value of $18,889, representing less than 0.05% of net assets. |
(b) |
Non-income producing. |
Glossary:
REITReal Estate Investment Trust
Schedule of Investments
AllianzGI Convertible Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
CONVERTIBLE BONDS & NOTES78.9% |
|
|
|
|
|
|
|
Aerospace & Defense0.5% |
|
|
|
|
|
Aerojet Rocketdyne Holdings, Inc., |
|
|
|
|
|
|
|
|
2.25%, 12/15/23 |
|
$ |
2,285 |
|
|
$ |
4,155,890 |
|
|
|
|
|
|
|
|
|
|
|
|
Auto Components1.0% |
|
|
|
|
|
Meritor, Inc., |
|
|
|
|
|
|
|
|
3.25%, 10/15/37 |
|
|
7,340 |
|
|
|
8,004,211 |
|
|
|
|
|
|
|
|
|
|
|
|
Auto Manufacturers2.3% |
|
|
|
|
|
Tesla, Inc., |
|
|
|
|
|
|
|
|
1.25%, 3/1/21 |
|
|
14,845 |
|
|
|
18,959,127 |
|
|
|
|
|
|
|
|
|
|
|
|
Biotechnology5.4% |
|
|
|
|
|
Apellis Pharmaceuticals, Inc. (a)(b), |
|
|
|
|
|
|
|
|
3.50%, 9/15/26 |
|
|
4,025 |
|
|
|
4,165,875 |
|
Exact Sciences Corp., |
|
|
|
|
|
|
|
|
0.375%, 3/15/27 |
|
|
9,355 |
|
|
|
10,623,772 |
|
Halozyme Therapeutics, Inc. (a)(b), |
|
|
|
|
|
|
|
|
1.25%, 12/1/24 |
|
|
3,845 |
|
|
|
3,841,477 |
|
Illumina, Inc., |
|
|
|
|
|
|
|
|
zero coupon, 8/15/23 |
|
|
4,315 |
|
|
|
4,776,733 |
|
0.50%, 6/15/21 |
|
|
1,205 |
|
|
|
1,681,376 |
|
Insmed, Inc., |
|
|
|
|
|
|
|
|
1.75%, 1/15/25 |
|
|
6,105 |
|
|
|
5,896,273 |
|
Karyopharm Therapeutics, Inc., |
|
|
|
|
|
|
|
|
3.00%, 10/15/25 |
|
|
3,215 |
|
|
|
4,595,441 |
|
PTC Therapeutics, Inc., |
|
|
|
|
|
|
|
|
1.50%, 9/15/26 (a)(b) |
|
|
4,020 |
|
|
|
4,694,635 |
|
3.00%, 8/15/22 |
|
|
3,855 |
|
|
|
4,461,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44,737,094 |
|
|
|
|
|
|
|
|
|
|
Commercial Services2.6% |
|
|
|
|
|
Chegg, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.125%, 3/15/25 |
|
|
5,885 |
|
|
|
6,067,484 |
|
Euronet Worldwide, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.75%, 3/15/49 |
|
|
4,905 |
|
|
|
5,862,876 |
|
FTI Consulting, Inc., |
|
|
|
|
|
|
|
|
2.00%, 8/15/23 |
|
|
4,165 |
|
|
|
5,231,683 |
|
Square, Inc., |
|
|
|
|
|
|
|
|
0.50%, 5/15/23 |
|
|
4,050 |
|
|
|
4,535,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,697,954 |
|
|
|
|
|
|
|
|
|
|
Computers3.2% |
|
|
|
|
|
CyberArk Software Ltd. (a)(b), |
|
|
|
|
|
|
|
|
zero coupon, 11/15/24 |
|
|
6,155 |
|
|
|
6,386,853 |
|
Lumentum Holdings, Inc., |
|
|
|
|
|
|
|
|
0.25%, 3/15/24 |
|
|
3,340 |
|
|
|
4,884,750 |
|
0.50%, 12/15/26, Ser. QIB (a)(b) |
|
|
6,135 |
|
|
|
6,671,812 |
|
Pure Storage, Inc., |
|
|
|
|
|
|
|
|
0.125%, 4/15/23 |
|
|
4,075 |
|
|
|
4,061,357 |
|
Rapid7, Inc., |
|
|
|
|
|
|
|
|
1.25%, 8/1/23 |
|
|
2,865 |
|
|
|
4,276,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,280,904 |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services0.8% |
|
|
|
|
|
GS Finance Corp. (Fidelity National Information Services, Inc.) (d)(e), |
|
|
|
|
|
|
|
|
zero coupon, 6/5/23 |
|
|
3,130 |
|
|
|
4,835,505 |
|
LendingTree, Inc., |
|
|
|
|
|
|
|
|
0.625%, 6/1/22 |
|
|
1,305 |
|
|
|
2,044,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,880,302 |
|
|
|
|
|
|
|
|
|
|
Engineering & Construction1.0% |
|
|
|
|
|
KBR, Inc. (a)(b), |
|
|
|
|
|
|
|
|
2.50%, 11/1/23 |
|
|
6,100 |
|
|
|
8,105,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Entertainment0.6% |
|
|
|
|
|
Live Nation Entertainment, Inc., |
|
|
|
|
|
|
|
|
2.50%, 3/15/23 |
|
$ |
4,340 |
|
|
$ |
5,303,046 |
|
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)0.9% |
|
Blackstone Mortgage Trust, Inc., |
|
|
|
|
|
|
|
|
4.375%, 5/5/22 |
|
|
6,900 |
|
|
|
7,359,132 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Products4.3% |
|
|
|
|
|
CONMED Corp. (a)(b), |
|
|
|
|
|
|
|
|
2.625%, 2/1/24 |
|
|
5,680 |
|
|
|
7,867,081 |
|
Insulet Corp. (a)(b), |
|
|
|
|
|
|
|
|
0.375%, 9/1/26 |
|
|
9,615 |
|
|
|
10,018,722 |
|
Nevro Corp., |
|
|
|
|
|
|
|
|
1.75%, 6/1/21 |
|
|
3,235 |
|
|
|
4,394,608 |
|
NuVasive, Inc., |
|
|
|
|
|
|
|
|
2.25%, 3/15/21 |
|
|
2,720 |
|
|
|
3,630,689 |
|
Repligen Corp., |
|
|
|
|
|
|
|
|
0.375%, 7/15/24 |
|
|
8,785 |
|
|
|
9,519,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,430,130 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Services2.1% |
|
|
|
|
|
Anthem, Inc., |
|
|
|
|
|
|
|
|
2.75%, 10/15/42 |
|
|
2,400 |
|
|
|
10,091,271 |
|
Teladoc Health, Inc., |
|
|
|
|
|
|
|
|
1.375%, 5/15/25 |
|
|
4,290 |
|
|
|
7,461,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,553,002 |
|
|
|
|
|
|
|
|
|
|
Home Builders0.9% |
|
|
|
|
|
Winnebago Industries, Inc. (a)(b), |
|
|
|
|
|
|
|
|
1.50%, 4/1/25 |
|
|
7,295 |
|
|
|
7,828,124 |
|
|
|
|
|
|
|
|
|
|
|
|
Insurance0.5% |
|
|
|
|
|
AXA S.A. (a)(b), |
|
|
|
|
|
|
|
|
7.25%, 5/15/21 |
|
|
3,420 |
|
|
|
3,949,673 |
|
|
|
|
|
|
|
|
|
|
|
|
Internet9.7% |
|
|
|
|
|
Booking Holdings, Inc., |
|
|
|
|
|
|
|
|
0.35%, 6/15/20 |
|
|
2,785 |
|
|
|
4,328,944 |
|
Etsy, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.125%, 10/1/26 |
|
|
5,625 |
|
|
|
5,087,494 |
|
IAC Financeco 2, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.875%, 6/15/26 |
|
|
10,060 |
|
|
|
11,330,578 |
|
Okta, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.125%, 9/1/25 |
|
|
10,755 |
|
|
|
10,455,116 |
|
Palo Alto Networks, Inc., |
|
|
|
|
|
|
|
|
0.75%, 7/1/23 |
|
|
5,825 |
|
|
|
6,439,485 |
|
Proofpoint, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.25%, 8/15/24 |
|
|
7,050 |
|
|
|
7,278,429 |
|
Q2 Holdings, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.75%, 6/1/26 |
|
|
7,405 |
|
|
|
8,547,513 |
|
RingCentral, Inc., |
|
|
|
|
|
|
|
|
zero coupon, 3/15/23 |
|
|
3,730 |
|
|
|
7,841,580 |
|
Snap, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.75%, 8/1/26 |
|
|
9,785 |
|
|
|
10,204,676 |
|
Wix.com Ltd., |
|
|
|
|
|
|
|
|
zero coupon, 7/1/23 |
|
|
2,395 |
|
|
|
2,736,287 |
|
Zillow Group, Inc. (a)(b), |
|
|
|
|
|
|
|
|
1.375%, 9/1/26 |
|
|
5,025 |
|
|
|
6,138,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,389,019 |
|
|
|
|
|
|
|
|
|
|
Iron/Steel0.5% |
|
|
|
|
|
Cleveland-Cliffs, Inc., |
|
|
|
|
|
|
|
|
1.50%, 1/15/25 |
|
|
3,610 |
|
|
|
4,324,211 |
|
|
|
|
|
|
|
|
|
|
|
|
Lodging0.7% |
|
|
|
|
|
Caesars Entertainment Corp., |
|
|
|
|
|
|
|
|
5.00%, 10/1/24 |
|
|
3,025 |
|
|
|
5,826,906 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Convertible Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Media5.6% |
|
|
|
|
|
DISH Network Corp., |
|
|
|
|
|
|
|
|
2.375%, 3/15/24 |
|
$ |
5,030 |
|
|
$ |
4,611,756 |
|
3.375%, 8/15/26 |
|
|
12,070 |
|
|
|
11,640,308 |
|
Liberty Media Corp-Liberty Formula One, |
|
|
|
|
|
|
|
|
1.00%, 1/30/23 |
|
|
6,555 |
|
|
|
8,735,867 |
|
Liberty Media Corp., |
|
|
|
|
|
|
|
|
1.375%, 10/15/23 |
|
|
4,745 |
|
|
|
6,396,734 |
|
2.25%, 12/1/48 (a)(b) |
|
|
2,020 |
|
|
|
2,402,538 |
|
2.75%, 12/1/49 (a)(b) |
|
|
8,385 |
|
|
|
8,825,212 |
|
World Wrestling Entertainment, Inc., |
|
|
|
|
|
|
|
|
3.375%, 12/15/23 |
|
|
1,330 |
|
|
|
3,580,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46,192,609 |
|
|
|
|
|
|
|
|
|
|
Mining0.6% |
|
|
|
|
|
SSR Mining, Inc. (a)(b), |
|
|
|
|
|
|
|
|
2.50%, 4/1/39 |
|
|
3,725 |
|
|
|
4,840,638 |
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels1.3% |
|
|
|
|
|
Helix Energy Solutions Group, Inc., |
|
|
|
|
|
|
|
|
4.125%, 9/15/23 |
|
|
3,605 |
|
|
|
4,668,475 |
|
Transocean, Inc., |
|
|
|
|
|
|
|
|
0.50%, 1/30/23 |
|
|
6,005 |
|
|
|
6,012,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,680,981 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals4.8% |
|
|
|
|
|
DexCom, Inc., |
|
|
|
|
|
|
|
|
0.75%, 12/1/23 |
|
|
8,105 |
|
|
|
12,025,365 |
|
Flexion Therapeutics, Inc., |
|
|
|
|
|
|
|
|
3.375%, 5/1/24 |
|
|
765 |
|
|
|
820,014 |
|
Horizon Pharma Investment Ltd., |
|
|
|
|
|
|
|
|
2.50%, 3/15/22 |
|
|
7,440 |
|
|
|
9,862,651 |
|
Neurocrine Biosciences, Inc., |
|
|
|
|
|
|
|
|
2.25%, 5/15/24 |
|
|
5,120 |
|
|
|
7,865,791 |
|
Sarepta Therapeutics, Inc., |
|
|
|
|
|
|
|
|
1.50%, 11/15/24 |
|
|
4,970 |
|
|
|
9,679,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,252,896 |
|
|
|
|
|
|
|
|
|
|
Pipelines0.9% |
|
|
|
|
|
Cheniere Energy, Inc., |
|
|
|
|
|
|
|
|
4.25%, 3/15/45 |
|
|
9,600 |
|
|
|
7,608,505 |
|
|
|
|
|
|
|
|
|
|
|
|
Retail1.5% |
|
|
|
|
|
Guess?, Inc. (a)(b), |
|
|
|
|
|
|
|
|
2.00%, 4/15/24 |
|
|
2,460 |
|
|
|
2,704,463 |
|
RH, |
|
|
|
|
|
|
|
|
zero coupon, 6/15/23 |
|
|
2,130 |
|
|
|
2,707,882 |
|
zero coupon, 9/15/24 (a)(b) |
|
|
5,825 |
|
|
|
6,921,509 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,333,854 |
|
|
|
|
|
|
|
|
|
|
Semiconductors9.9% |
|
|
|
|
|
Advanced Micro Devices, Inc., |
|
|
|
|
|
|
|
|
2.125%, 9/1/26 |
|
|
1,745 |
|
|
|
10,115,659 |
|
Inphi Corp., |
|
|
|
|
|
|
|
|
0.75%, 9/1/21 |
|
|
4,690 |
|
|
|
6,640,361 |
|
Microchip Technology, Inc., |
|
|
|
|
|
|
|
|
1.625%, 2/15/27 |
|
|
17,290 |
|
|
|
24,681,475 |
|
Micron Technology, Inc., Ser. D, |
|
|
|
|
|
|
|
|
3.125%, 5/1/32 |
|
|
1,880 |
|
|
|
10,129,768 |
|
Novellus Systems, Inc., |
|
|
|
|
|
|
|
|
2.625%, 5/15/41 |
|
|
840 |
|
|
|
7,667,776 |
|
ON Semiconductor Corp., |
|
|
|
|
|
|
|
|
1.625%, 10/15/23 |
|
|
8,490 |
|
|
|
11,726,813 |
|
Silicon Laboratories, Inc., |
|
|
|
|
|
|
|
|
1.375%, 3/1/22 |
|
|
4,060 |
|
|
|
5,406,176 |
|
Teradyne, Inc., |
|
|
|
|
|
|
|
|
1.25%, 12/15/23 |
|
|
2,700 |
|
|
|
5,928,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
82,296,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Software14.5% |
|
|
|
|
|
Akamai Technologies, Inc., |
|
|
|
|
|
|
|
|
0.125%, 5/1/25 |
|
$ |
8,475 |
|
|
$ |
9,405,103 |
|
Alteryx, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.50%, 8/1/24 |
|
|
4,555 |
|
|
|
4,362,270 |
|
1.00%, 8/1/26 |
|
|
5,755 |
|
|
|
5,407,338 |
|
Atlassian, Inc., |
|
|
|
|
|
|
|
|
0.625%, 5/1/23 |
|
|
4,395 |
|
|
|
6,956,388 |
|
Coupa Software, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.125%, 6/15/25 |
|
|
7,920 |
|
|
|
9,384,110 |
|
DocuSign, Inc., |
|
|
|
|
|
|
|
|
0.50%, 9/15/23 |
|
|
5,935 |
|
|
|
7,399,083 |
|
Envestnet, Inc., |
|
|
|
|
|
|
|
|
1.75%, 6/1/23 |
|
|
7,410 |
|
|
|
8,904,213 |
|
Everbridge, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.125%, 12/15/24 |
|
|
4,135 |
|
|
|
4,107,085 |
|
Five9, Inc., |
|
|
|
|
|
|
|
|
0.125%, 5/1/23 |
|
|
4,380 |
|
|
|
7,408,811 |
|
j2 Global, Inc., |
|
|
|
|
|
|
|
|
1.75%, 11/1/26 (a)(b) |
|
|
6,575 |
|
|
|
6,703,149 |
|
3.25%, 6/15/29 |
|
|
2,000 |
|
|
|
2,900,531 |
|
LivePerson, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.75%, 3/1/24 |
|
|
4,805 |
|
|
|
5,780,149 |
|
MongoDB, Inc., |
|
|
|
|
|
|
|
|
0.75%, 6/15/24 |
|
|
945 |
|
|
|
1,913,034 |
|
Nutanix, Inc., |
|
|
|
|
|
|
|
|
zero coupon, 1/15/23 |
|
|
5,340 |
|
|
|
5,324,841 |
|
Sea Ltd. (a)(b), |
|
|
|
|
|
|
|
|
1.00%, 12/1/24 |
|
|
5,910 |
|
|
|
6,461,414 |
|
ServiceNow, Inc., |
|
|
|
|
|
|
|
|
zero coupon, 6/1/22 |
|
|
3,985 |
|
|
|
8,416,954 |
|
Splunk, Inc., |
|
|
|
|
|
|
|
|
1.125%, 9/15/25 |
|
|
11,855 |
|
|
|
14,648,335 |
|
Zynga, Inc. (a)(b), |
|
|
|
|
|
|
|
|
0.25%, 6/1/24 |
|
|
4,800 |
|
|
|
4,902,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
120,384,808 |
|
|
|
|
|
|
|
|
|
|
Telecommunications2.0% |
|
|
|
|
|
GCI Liberty, Inc. (a)(b), |
|
|
|
|
|
|
|
|
1.75%, 9/30/46 |
|
|
5,730 |
|
|
|
7,915,995 |
|
Viavi Solutions, Inc., |
|
|
|
|
|
|
|
|
1.00%, 3/1/24 |
|
|
6,925 |
|
|
|
8,950,516 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,866,511 |
|
|
|
|
|
|
|
|
|
|
Transportation0.8% |
|
|
|
|
|
Air Transport Services Group, Inc., |
|
|
|
|
|
|
|
|
1.125%, 10/15/24 |
|
|
6,500 |
|
|
|
6,348,968 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Convertible Bonds & Notes (cost$571,805,579) |
|
|
|
654,590,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
CONVERTIBLE PREFERRED STOCK17.1% |
|
|
|
Banks4.1% |
|
|
|
|
|
Bank of America Corp., Ser. L (c), |
|
|
|
|
|
|
|
|
7.25% |
|
|
12,865 |
|
|
|
18,641,385 |
|
Wells Fargo & Co., Ser. L (c), |
|
|
|
|
|
|
|
|
7.50% |
|
|
10,875 |
|
|
|
15,768,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,410,135 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities2.1% |
|
|
|
|
|
NextEra Energy, Inc., |
|
|
|
|
|
|
|
|
4.872%, 9/1/22 |
|
|
64,030 |
|
|
|
3,283,458 |
|
Sempra Energy, Ser. A, |
|
|
|
|
|
|
|
|
6.00%, 1/15/21 |
|
|
54,445 |
|
|
|
6,534,489 |
|
Southern Co., Ser. 2019, |
|
|
|
|
|
|
|
|
6.75%, 8/1/22 |
|
|
136,850 |
|
|
|
7,376,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,194,162 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Convertible Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Electronics0.6% |
|
|
|
|
|
Fortive Corp., Ser. A, |
|
|
|
|
|
|
|
|
5.00%, 7/1/21 |
|
|
5,415 |
|
|
$ |
5,267,495 |
|
|
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)1.6% |
|
|
|
|
|
Crown Castle International Corp., Ser. A, |
|
|
|
|
|
|
|
|
6.875%, 8/1/20 |
|
|
10,720 |
|
|
|
13,740,253 |
|
|
|
|
|
|
|
|
|
|
|
|
Hand/Machine Tools2.6% |
|
|
|
|
|
Colfax Corp., |
|
|
|
|
|
|
|
|
5.75%, 1/15/22 |
|
|
52,145 |
|
|
|
8,226,395 |
|
Stanley Black & Decker, Inc., |
|
|
|
|
|
|
|
|
5.375%, 5/15/20 |
|
|
119,600 |
|
|
|
13,051,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,278,343 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Products2.2% |
|
|
|
|
|
Avantor, Inc., Ser. A, |
|
|
|
|
|
|
|
|
6.25%, 5/15/22 |
|
|
58,860 |
|
|
|
3,708,180 |
|
Danaher Corp., Ser. A, |
|
|
|
|
|
|
|
|
4.75%, 4/15/22 |
|
|
12,265 |
|
|
|
14,460,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,169,106 |
|
|
|
|
|
|
|
|
|
|
Insurance0.8% |
|
|
|
|
|
Assurant, Inc., Ser. D, |
|
|
|
|
|
|
|
|
6.50%, 3/15/21 |
|
|
50,200 |
|
|
|
6,456,724 |
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals0.9% |
|
|
|
|
|
Becton Dickinson and Co., Ser. A, |
|
|
|
|
|
|
|
|
6.125%, 5/1/20 |
|
|
114,810 |
|
|
|
7,515,463 |
|
|
|
|
|
|
|
|
|
|
|
|
Semiconductors2.2% |
|
|
|
|
|
Broadcom, Inc., Ser. A, |
|
|
|
|
|
|
|
|
8.00%, 9/30/22 |
|
|
15,290 |
|
|
|
18,011,161 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Convertible Preferred Stock (cost$124,896,643) |
|
|
|
142,042,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements3.5% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $28,778,400; collateralized by U.S. Treasury
Bonds, 3.00%, due 11/15/45, valued at $29,357,076 including accrued interest (cost$28,778,000) |
|
$ |
28,778 |
|
|
|
28,778,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$725,480,222)99.5% |
|
|
|
825,410,950 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities0.5% |
|
|
|
4,417,882 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
829,828,832 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of
$215,220,580, representing 25.9% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $215,220,580, representing 25.9% of net assets. |
(c) |
Perpetual maturity. The date shown, if any, is the next call date. |
(e) |
Securities exchangeable or convertible into securities of an entity different than the issuer or structured by the issuer to provide exposure
to securities of an entity different than the issuer (synthetic convertible securities). Such entity is identified in the parenthetical. |
Glossary:
REITReal Estate Investment Trust
Schedule of Investments
AllianzGI Core Bond Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
U.S. GOVERNMENT AGENCY SECURITIES37.5% |
|
|
|
|
|
|
|
|
Fannie Mae, MBS, Pool, 30 Year, |
|
|
|
|
|
|
|
|
3.00%, 9/1/49 |
|
$ |
681 |
|
|
$ |
690,593 |
|
3.50%, 4/1/48 |
|
|
757 |
|
|
|
797,333 |
|
4.00%, 6/1/48 |
|
|
1,627 |
|
|
|
1,707,589 |
|
4.50%, 8/1/48 |
|
|
812 |
|
|
|
865,995 |
|
Fannie Mae UMBS, MBS, TBA, (c) |
|
|
|
|
|
|
|
|
2.50%, 1/16/35, 15 Year |
|
|
315 |
|
|
|
317,686 |
|
3.00%, 1/16/35, 15 Year |
|
|
360 |
|
|
|
368,862 |
|
3.00%, 1/14/50, 30 Year |
|
|
615 |
|
|
|
623,383 |
|
3.50%, 1/14/50, 30 Year |
|
|
1,310 |
|
|
|
1,346,980 |
|
4.00%, 1/14/50, 30 Year |
|
|
195 |
|
|
|
202,786 |
|
Freddie Mac, MBS, |
|
|
|
|
|
|
|
|
3.00%, 1/1/46 Pool, 30 Year |
|
|
1,136 |
|
|
|
1,163,453 |
|
3.50%, 7/1/49 Pool, 30 Year |
|
|
733 |
|
|
|
753,150 |
|
Ginnie Mae, MBS, |
|
|
|
|
|
|
|
|
3.00%, 1/21/50 TBA, 30 Year (c) |
|
|
375 |
|
|
|
384,974 |
|
3.50%, 2/20/48 Pool, 30 Year |
|
|
947 |
|
|
|
989,644 |
|
4.00%, 3/20/48 Pool, 30 Year |
|
|
409 |
|
|
|
427,770 |
|
United States Small Business Administration, ABS, |
|
|
|
|
|
|
|
|
2.15%, 8/1/39 Series 2019-20, Class H1 |
|
|
150 |
|
|
|
148,718 |
|
2.60%, 6/1/39 Series 2019-20, Class F1 |
|
|
104 |
|
|
|
104,790 |
|
2.85%, 10/1/37 Series 2017-20, Class J1 |
|
|
166 |
|
|
|
169,372 |
|
2.88%, 5/1/39 Series 2019-20, Class E1 |
|
|
159 |
|
|
|
161,507 |
|
2.92%, 1/1/38 Series 2018-20, Class A1 |
|
|
293 |
|
|
|
299,688 |
|
3.20%, 3/1/39 Series 2019-20, Class C1 |
|
|
88 |
|
|
|
91,897 |
|
3.26%, 2/1/39 Series 2019-20, Class B1 |
|
|
97 |
|
|
|
101,495 |
|
3.37%, 1/1/39 Series 2019-20, Class A1 |
|
|
215 |
|
|
|
224,973 |
|
3.50%, 5/1/38 Series 2018-20, Class E1 |
|
|
227 |
|
|
|
240,927 |
|
3.53%, 9/1/38 Series 2018-20, Class I1 |
|
|
253 |
|
|
|
268,505 |
|
3.54%, 7/1/38 Series 2018-20, Class G1 |
|
|
192 |
|
|
|
204,532 |
|
3.58%, 8/1/38 Series 2018-20, Class H1 |
|
|
282 |
|
|
|
298,925 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency Securities (cost$12,786,506) |
|
|
|
12,955,527 |
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE BONDS & NOTES26.7% |
|
|
|
|
|
|
|
Aerospace & Defense2.6% |
|
|
|
|
|
Boeing Co., |
|
|
|
|
|
|
|
|
2.95%, 2/1/30 |
|
|
259 |
|
|
|
265,018 |
|
L3Harris Technologies, Inc., |
|
|
|
|
|
|
|
|
4.40%, 6/15/28 |
|
|
205 |
|
|
|
228,815 |
|
Northrop Grumman Corp., |
|
|
|
|
|
|
|
|
2.93%, 1/15/25 |
|
|
70 |
|
|
|
72,158 |
|
Northrop Grumman Systems Corp., |
|
|
|
|
|
|
|
|
7.875%, 3/1/26 |
|
|
205 |
|
|
|
263,409 |
|
United Technologies Corp., |
|
|
|
|
|
|
|
|
6.125%, 7/15/38 |
|
|
55 |
|
|
|
76,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
906,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Banks4.7% |
|
|
|
|
|
Bank of America Corp. (e), |
|
|
|
|
|
|
|
|
2.884%, 10/22/30 (converts to FRN on 10/22/29) |
|
$ |
213 |
|
|
$ |
215,459 |
|
3.366%, 1/23/26 (converts to FRN on 1/23/25) |
|
|
380 |
|
|
|
397,633 |
|
Citigroup, Inc., (converts to FRN on 11/5/29) (e), |
|
|
|
|
|
|
|
|
2.976%, 11/5/30 |
|
|
110 |
|
|
|
111,737 |
|
First Maryland Capital II, 3 mo. LIBOR + 0.850% (e), |
|
|
|
|
|
|
|
|
2.759%, 2/1/27 |
|
|
275 |
|
|
|
260,562 |
|
JPMorgan Chase & Co., 3 mo. LIBOR + 0.950% (e), |
|
|
|
|
|
|
|
|
2.852%, 2/1/37 |
|
|
404 |
|
|
|
357,540 |
|
KeyCorp, |
|
|
|
|
|
|
|
|
2.55%, 10/1/29 |
|
|
250 |
|
|
|
244,511 |
|
Truist Financial Corp., Ser. M, (converts to FRN on 12/15/27) (d)(e), |
|
|
|
|
|
|
|
|
5.125%, 12/15/27 |
|
|
40 |
|
|
|
41,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,628,598 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities4.5% |
|
|
|
|
|
Alabama Power Co., |
|
|
|
|
|
|
|
|
2.80%, 4/1/25 |
|
|
170 |
|
|
|
173,637 |
|
Commonwealth Edison Co., |
|
|
|
|
|
|
|
|
5.90%, 3/15/36 |
|
|
75 |
|
|
|
99,955 |
|
Consolidated Edison Co. of New York, Inc., |
|
3.70%, 11/15/59 |
|
|
70 |
|
|
|
70,668 |
|
5.70%, 12/1/36, Ser. 06-E |
|
|
30 |
|
|
|
38,837 |
|
DTE Electric Co., Ser. A, |
|
|
|
|
|
|
|
|
6.625%, 6/1/36 |
|
|
25 |
|
|
|
35,000 |
|
Edison International, |
|
|
|
|
|
|
|
|
2.95%, 3/15/23 |
|
|
140 |
|
|
|
140,312 |
|
3.55%, 11/15/24 |
|
|
215 |
|
|
|
218,486 |
|
Jersey Central Power & Light Co., |
|
|
|
|
|
|
|
|
4.30%, 1/15/26 (a)(b) |
|
|
130 |
|
|
|
141,446 |
|
6.15%, 6/1/37 |
|
|
60 |
|
|
|
77,667 |
|
NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
2.75%, 11/1/29 |
|
|
86 |
|
|
|
86,156 |
|
Pennsylvania Electric Co. (a)(b), |
|
|
|
|
|
|
|
|
3.25%, 3/15/28 |
|
|
40 |
|
|
|
41,162 |
|
San Diego Gas & Electric Co., Ser. NNN, |
|
|
|
|
|
|
|
|
3.60%, 9/1/23 |
|
|
145 |
|
|
|
151,465 |
|
Sempra Energy, |
|
|
|
|
|
|
|
|
3.55%, 6/15/24 |
|
|
215 |
|
|
|
224,715 |
|
Southern California Edison Co., |
|
|
|
|
|
|
|
|
1.845%, 2/1/22 |
|
|
18 |
|
|
|
17,656 |
|
3.90%, 12/1/41 |
|
|
42 |
|
|
|
41,308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,558,470 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Products0.4% |
|
|
|
|
|
DH Europe Finance II Sarl, |
|
|
|
|
|
|
|
|
2.05%, 11/15/22 |
|
|
143 |
|
|
|
143,292 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Services0.4% |
|
|
|
|
|
UnitedHealth Group, Inc., |
|
|
|
|
|
|
|
|
3.50%, 8/15/39 |
|
|
123 |
|
|
|
128,900 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Core Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Insurance0.5% |
|
|
|
|
|
New York Life Insurance Co. (a)(b), |
|
|
|
|
|
|
|
|
4.45%, 5/15/69 |
|
$ |
165 |
|
|
$ |
187,771 |
|
|
|
|
|
|
|
|
|
|
|
|
Media2.5% |
|
|
|
|
|
Charter Communications Operating LLC, |
|
|
|
|
|
|
|
|
4.908%, 7/23/25 |
|
|
335 |
|
|
|
369,294 |
|
Comcast Corp., |
|
|
|
|
|
|
|
|
2.35%, 1/15/27 |
|
|
300 |
|
|
|
299,708 |
|
Time Warner Cable LLC, |
|
|
|
|
|
|
|
|
4.50%, 9/15/42 |
|
|
30 |
|
|
|
30,175 |
|
6.55%, 5/1/37 |
|
|
30 |
|
|
|
37,074 |
|
ViacomCBS, Inc., (converts to FRN on 2/28/27) (e), |
|
|
|
|
|
|
|
|
6.25%, 2/28/57 |
|
|
45 |
|
|
|
49,985 |
|
Walt Disney Co., |
|
|
|
|
|
|
|
|
7.30%, 4/30/28 |
|
|
55 |
|
|
|
73,607 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
859,843 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing1.4% |
|
|
|
|
|
3M Co., |
|
|
|
|
|
|
|
|
3.25%, 8/26/49 |
|
|
57 |
|
|
|
55,405 |
|
General Electric Co., 3 mo. LIBOR + 1.000%, |
|
|
|
|
|
|
|
|
3.001%, 4/15/23 (e) |
|
|
180 |
|
|
|
180,602 |
|
4.625%, 1/7/21 |
|
|
230 |
|
|
|
236,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
472,240 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels1.9% |
|
|
|
|
|
Boston Gas Co. (a)(b), |
|
|
|
|
|
|
|
|
3.15%, 8/1/27 |
|
|
143 |
|
|
|
147,761 |
|
Cenovus Energy, Inc., |
|
|
|
|
|
|
|
|
4.25%, 4/15/27 |
|
|
185 |
|
|
|
196,178 |
|
Hess Corp., |
|
|
|
|
|
|
|
|
7.125%, 3/15/33 |
|
|
73 |
|
|
|
93,873 |
|
NiSource, Inc., |
|
|
|
|
|
|
|
|
3.49%, 5/15/27 |
|
|
201 |
|
|
|
211,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
649,266 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals2.9% |
|
|
|
|
|
AbbVie, Inc. (a)(b), |
|
|
|
|
|
|
|
|
2.60%, 11/21/24 |
|
|
212 |
|
|
|
213,701 |
|
Allergan Funding SCS, |
|
|
|
|
|
|
|
|
3.85%, 6/15/24 |
|
|
215 |
|
|
|
226,097 |
|
Becton Dickinson and Co., |
|
|
|
|
|
|
|
|
2.894%, 6/6/22 |
|
|
490 |
|
|
|
498,119 |
|
CVS Health Corp., |
|
|
|
|
|
|
|
|
4.875%, 7/20/35 |
|
|
75 |
|
|
|
85,941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,023,858 |
|
|
|
|
|
|
|
|
|
|
Pipelines3.0% |
|
|
|
|
|
Cameron LNG LLC (a)(b), |
|
|
|
|
|
|
|
|
3.701%, 1/15/39 |
|
|
214 |
|
|
|
218,588 |
|
Columbia Pipeline Group, Inc., |
|
|
|
|
|
|
|
|
4.50%, 6/1/25 |
|
|
106 |
|
|
|
116,183 |
|
El Paso Natural Gas Co. LLC, |
|
|
|
|
|
|
|
|
8.375%, 6/15/32 |
|
|
63 |
|
|
|
87,672 |
|
Energy Transfer Operating L.P., |
|
|
|
|
|
|
|
|
5.50%, 6/1/27 |
|
|
105 |
|
|
|
118,486 |
|
6.50%, 2/1/42 |
|
|
80 |
|
|
|
95,236 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Kinder Morgan Energy Partners L.P., |
|
|
|
|
|
|
|
|
7.50%, 11/15/40 |
|
$ |
15 |
|
|
$ |
20,594 |
|
Plains All American Pipeline L.P., |
|
|
|
|
|
|
|
|
4.65%, 10/15/25 |
|
|
370 |
|
|
|
397,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,054,099 |
|
|
|
|
|
|
|
|
|
|
Semiconductors0.9% |
|
|
|
|
|
Broadcom Corp., |
|
|
|
|
|
|
|
|
3.875%, 1/15/27 |
|
|
300 |
|
|
|
311,338 |
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications0.5% |
|
|
|
|
|
AT&T, Inc., |
|
|
|
|
|
|
|
|
4.30%, 2/15/30 |
|
|
150 |
|
|
|
166,563 |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation0.5% |
|
|
|
|
|
Kansas City Southern, |
|
|
|
|
|
|
|
|
4.20%, 11/15/69 |
|
|
40 |
|
|
|
41,271 |
|
United Parcel Service, Inc., |
|
|
|
|
|
|
|
|
3.40%, 9/1/49 |
|
|
119 |
|
|
|
119,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
161,147 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$9,065,548) |
|
|
|
9,251,498 |
|
|
|
|
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITIES19.9% |
|
|
|
|
|
Ally Auto Receivables Trust, Series 2019-1, Class A3, |
|
|
|
|
|
|
|
|
2.91%, 9/15/23 |
|
|
190 |
|
|
|
192,374 |
|
American Express Credit Account Master Trust, 1 mo. LIBOR + 0.380%, Series 2017-5,
Class A (e), |
|
|
|
|
|
|
|
|
2.12%, 2/18/25 |
|
|
547 |
|
|
|
549,036 |
|
BA Credit Card Trust, Series 2018-A3, Class A3, |
|
|
|
|
|
|
|
|
3.10%, 12/15/23 |
|
|
285 |
|
|
|
290,374 |
|
BMW Vehicle Owner Trust, Series 2018-A, Class A4, |
|
|
|
|
|
|
|
|
2.51%, 6/25/24 |
|
|
123 |
|
|
|
123,988 |
|
Citibank Credit Card Issuance Trust (e), 1 mo. LIBOR + 0.370%, 2.08%, 8/8/24 Series
2017-A7, Class A7 |
|
|
15 |
|
|
|
15,057 |
|
1 mo. LIBOR + 0.330%, 2.095%, 1/20/25 Series 2018-A2, Class A2 |
|
|
505 |
|
|
|
505,443 |
|
CNH Equipment Trust, Series 2019-B, Class A3, |
|
|
|
|
|
|
|
|
2.52%, 8/15/24 |
|
|
210 |
|
|
|
212,043 |
|
Dryden 68 CLO Ltd., 3 mo. USD-LIBOR + 1.310%, Series
2019-68A, Class A (a)(b)(e), |
|
|
|
|
|
|
|
|
3.311%, 7/15/32 |
|
|
385 |
|
|
|
385,571 |
|
Ford Credit Auto Owner Trust, |
|
|
|
|
|
|
|
|
1.93%, 4/15/25 Series 2019-C, Class A4 |
|
|
475 |
|
|
|
474,205 |
|
3.16%, 10/15/23 Series 2018-A, Class A4 |
|
|
203 |
|
|
|
207,760 |
|
GM Financial Consumer Automobile Receivables Trust, Series 2019-3,
Class A3, |
|
|
|
|
|
|
|
|
2.18%, 4/16/24 |
|
|
324 |
|
|
|
325,533 |
|
Schedule of Investments
AllianzGI Core Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Honda Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
2.83%, 3/20/23 Series 2019-1, Class A3 |
|
$ |
325 |
|
|
$ |
329,976 |
|
3.07%, 11/21/24 Series 2018-3, Class A4 |
|
|
100 |
|
|
|
102,139 |
|
HPEFS Equipment Trust, Series 2019-1A, Class A3 (a)(b), |
|
|
|
|
|
|
|
|
2.21%, 9/20/29 |
|
|
283 |
|
|
|
283,525 |
|
Hyundai Auto Receivables Trust, |
|
|
|
|
|
|
|
|
1.94%, 2/15/24 Series 2019-B, Class A3 |
|
|
121 |
|
|
|
121,196 |
|
2.66%, 6/15/23 Series 2019-A, Class A3 |
|
|
260 |
|
|
|
263,069 |
|
John Deere Owner Trust, Series 2019-B, Class A2, |
|
|
|
|
|
|
|
|
2.28%, 5/16/22 |
|
|
270 |
|
|
|
270,915 |
|
Nissan Auto Receivables Owner Trust, Series 2019-A, Class A3, |
|
|
|
|
|
|
|
|
2.90%, 10/16/23 |
|
|
320 |
|
|
|
325,026 |
|
Octagon Investment Partners 30 Ltd., 3 mo.
USD-LIBOR-BBA + 1.320%, Series 2017-1A, Class A1 (a)(b)(e), |
|
|
|
|
|
|
|
|
3.286%, 3/17/30 |
|
|
260 |
|
|
|
260,126 |
|
Starwood Waypoint Homes Trust, 1 mo. LIBOR + 0.950%, Series 2017-1, Class A
(a)(b)(e), |
|
|
|
|
|
|
|
|
2.69%, 1/17/35 |
|
|
310 |
|
|
|
309,447 |
|
Toyota Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
1.91%, 9/15/23 Series 2019-C, Class A3 |
|
|
280 |
|
|
|
280,180 |
|
2.91%, 7/17/23 Series 2019-A, Class A3 |
|
|
70 |
|
|
|
71,043 |
|
Verizon Owner Trust, Series 2019-C, Class A1A, |
|
|
|
|
|
|
|
|
1.94%, 4/22/24 |
|
|
465 |
|
|
|
464,624 |
|
Volvo Financial Equipment Master Owner Trust, 1 mo. LIBOR + 0.520%,
Series 2018-A, Class A (a)(b)(e), |
|
|
|
|
|
|
|
|
2.26%, 7/17/23 |
|
|
532 |
|
|
|
534,528 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities (cost$6,865,573) |
|
|
|
6,897,178 |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS17.5% |
|
|
|
|
|
U.S. Treasury Bonds, |
|
|
|
|
|
|
|
|
2.25%, 8/15/49 |
|
|
762 |
|
|
|
739,378 |
|
4.50%, 5/15/38 |
|
|
587 |
|
|
|
793,321 |
|
U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
1.25%, 1/31/20 (g) |
|
|
1,330 |
|
|
|
1,329,792 |
|
1.625%, 12/31/21 |
|
|
380 |
|
|
|
380,386 |
|
1.625%, 12/15/22 |
|
|
847 |
|
|
|
847,529 |
|
1.75%, 12/31/24 |
|
|
655 |
|
|
|
656,740 |
|
1.75%, 12/31/26 |
|
|
626 |
|
|
|
622,723 |
|
1.75%, 11/15/29 (g) |
|
|
698 |
|
|
|
687,476 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$6,119,159) |
|
|
|
6,057,345 |
|
|
|
|
|
|
|
|
|
|
|
|
MORTGAGE-BACKED SECURITIES2.3% |
|
|
|
|
|
Bank 2019, |
|
|
|
|
|
|
|
|
2.92%, 12/15/52 Series BNK23, Class A3 |
|
|
385 |
|
|
|
394,433 |
|
3.183%, 8/15/61 Series BNK19, Class A3 |
|
|
380 |
|
|
|
397,677 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities (cost$797,327) |
|
|
|
792,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
PREFERRED STOCK0.6% |
|
|
|
|
|
|
|
Banks0.6% |
|
|
|
|
|
Citigroup Capital XIII (e) 8.31%, 10/30/40 (cost$198,604) |
|
|
7,175 |
|
|
$ |
199,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements3.4% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $1,160,016; collateralized by U.S. Treasury
Bonds, 3.00%, due 11/15/45, valued at $1,188,317 including accrued interest (cost$1,160,000) |
|
$ |
1,160 |
|
|
$ |
1,160,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$36,992,717)107.9% |
|
|
|
37,313,123 |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities in excess of other assets (f)(7.9)% |
|
|
|
(2,716,619 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
34,596,504 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $2,723,626,
representing 7.9% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $2,723,626, representing 7.9% of net assets. |
(c) |
When-issued or delayed-delivery. To be settled/delivered after December 31, 2019. |
(d) |
Perpetual maturity. The date shown, if any, is the next call date. |
(e) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
Schedule of Investments
AllianzGI Core Bond Fund
December 31, 2019 (unaudited) (continued)
(f) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2-Year U.S. Treasury Note |
|
|
2 |
|
|
|
3/31/20 |
|
|
$ |
400 |
|
|
$ |
431 |
|
|
$ |
146 |
|
5-Year U.S. Treasury Note |
|
|
33 |
|
|
|
3/31/20 |
|
|
|
3,300 |
|
|
|
3,914 |
|
|
|
(7,121 |
) |
U.S. Long Bond |
|
|
1 |
|
|
|
3/20/20 |
|
|
|
100 |
|
|
|
156 |
|
|
|
(1,127 |
) |
Ultra U.S. Treasury Bond |
|
|
11 |
|
|
|
3/20/20 |
|
|
|
1,100 |
|
|
|
1,998 |
|
|
|
(60,224 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(68,326 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year U.S. Treasury Note |
|
|
(10 |
) |
|
|
3/20/20 |
|
|
$ |
(1,000 |
) |
|
$ |
(1,284 |
) |
|
$ |
288 |
|
10-Year Ultra U.S. Treasury Bond |
|
|
(8 |
) |
|
|
3/20/20 |
|
|
|
(800 |
) |
|
|
(1,126 |
) |
|
|
8,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,712 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(59,614 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit default swaps agreements outstanding at December 31, 2019:
Centrally cleared buy protection swap agreements(1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Reference Debt Issuer |
|
Notional Amount (000s)(4)
|
|
|
Implied Credit Spread(3)
|
|
|
Termination Date |
|
|
Fixed Deal Pay Rate |
|
|
Payment Frequency |
|
|
Value(5) |
|
|
Upfront Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AT&T, Inc. |
|
$ |
640 |
|
|
|
0.681 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
$ |
(10,310 |
) |
|
$ |
(4,865 |
) |
|
$ |
(5,445 |
) |
Berkshire Hathaway, Inc. |
|
|
695 |
|
|
|
0.356 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(22,556 |
) |
|
|
(21,277 |
) |
|
|
(1,279 |
) |
Carnival Corp. |
|
|
315 |
|
|
|
0.356 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(10,218 |
) |
|
|
(7,519 |
) |
|
|
(2,699 |
) |
CDX.NA.IG.33 |
|
|
2,660 |
|
|
|
0.455 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(69,765 |
) |
|
|
(70,294 |
) |
|
|
529 |
|
CSX Corp. |
|
|
315 |
|
|
|
0.251 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(11,724 |
) |
|
|
(11,060 |
) |
|
|
(664 |
) |
CVS Health Corp. |
|
|
350 |
|
|
|
0.633 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(6,686 |
) |
|
|
(3,969 |
) |
|
|
(2,717 |
) |
General Electric Co. |
|
|
160 |
|
|
|
0.453 |
% |
|
|
6/20/21 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(1,477 |
) |
|
|
(290 |
) |
|
|
(1,187 |
) |
General Electric Co. |
|
|
165 |
|
|
|
0.639 |
% |
|
|
6/20/23 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(2,424 |
) |
|
|
(2,145 |
) |
|
|
(279 |
) |
McKesson Corp. |
|
|
330 |
|
|
|
0.862 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(3,004 |
) |
|
|
|
|
|
|
(3,004 |
) |
Morgan Stanley |
|
|
630 |
|
|
|
0.504 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(15,544 |
) |
|
|
(13,385 |
) |
|
|
(2,159 |
) |
Union Pacific Corp. |
|
|
310 |
|
|
|
0.236 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(11,831 |
) |
|
|
(11,215 |
) |
|
|
(616 |
) |
UnitedHealth Group, Inc. |
|
|
655 |
|
|
|
0.324 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(22,280 |
) |
|
|
(21,719 |
) |
|
|
(561 |
) |
Verizon Communications, Inc. |
|
|
175 |
|
|
|
0.410 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(5,146 |
) |
|
|
(3,920 |
) |
|
|
(1,226 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(192,965 |
) |
|
$ |
(171,658 |
) |
|
$ |
(21,307 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally cleared sell
protection swap agreements(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Referenced Debt Issuer |
|
Notional Amount (000s)(4)
|
|
|
Implied Credit Spread(3)
|
|
|
Termination Date |
|
|
Fixed Deal Received Rate |
|
|
Payment Frequency |
|
|
Value(5) |
|
|
Upfront Premiums Paid |
|
|
Unrealized Depreciation |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Boeing Co. |
|
$ |
710 |
|
|
|
0.551 |
% |
|
|
12/20/24 |
|
|
|
1.00 |
% |
|
|
Quarterly |
|
|
$ |
16,177 |
|
|
$ |
16,423 |
|
|
$ |
(246 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or
(ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are
assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby
a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
(2) |
If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) pay
a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market
makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number
of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
Schedule of Investments
AllianzGI Core Bond Fund
December 31, 2019 (unaudited) (continued)
(3) |
Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements as of
year/period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of
buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default
or other credit event occurring as defined under the terms of the agreement. |
(4) |
This represents the maximum potential amount the Fund could be required to make available as a seller of credit protection or receive as a
buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(5) |
The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at December 31, 2019
of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement have been closed/sold as of the period end. Increasing market values, in
absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the
agreement. |
(h) |
At December 31, 2019, the Fund pledged $377,242 in cash as collateral for futures contracts and $153,731 in cash as collateral for swap
contracts. The Fund also held U.S. Treasury Obligations valued at $641,091 as collateral for swap contracts. |
Glossary:
ABSAsset-Backed Securities
BBABritish Bankers Association
CDXCredit Derivatives Index
CLOCollateralized Loan Obligation
FRNFloating Rate Note
ICEIntercontinental Exchange
LIBORLondon Inter-Bank Offered Rate
MBSMortgage-Backed Securities
TBATo
Be Announced
UMBSUniform Mortgage-Backed Securities
Schedule of Investments
AllianzGI Core Plus Bond Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
U.S. GOVERNMENT AGENCY SECURITIES36.0% |
|
|
|
|
Fannie Mae, MBS,
|
|
|
|
|
|
|
|
|
3.00%, 9/1/49 Pool, 30 Year |
|
$ |
1,744 |
|
|
$ |
1,768,714 |
|
3.50%, 4/1/48 Pool, 30 Year |
|
|
1,028 |
|
|
|
1,082,737 |
|
4.00%, 3/1/49 Pool, 30 Year |
|
|
3,206 |
|
|
|
3,352,367 |
|
4.50%, 2/1/48 Pool, 30 Year |
|
|
1,262 |
|
|
|
1,336,474 |
|
Fannie Mae UMBS, MBS, TBA (c) |
|
|
|
|
|
|
|
|
2.50%, 1/16/35, 15 Year |
|
|
590 |
|
|
|
595,031 |
|
3.00%, 1/16/35, 15 Year |
|
|
655 |
|
|
|
671,124 |
|
3.00%, 1/14/50, 30 Year |
|
|
965 |
|
|
|
978,153 |
|
3.50%, 1/14/50, 30 Year |
|
|
2,140 |
|
|
|
2,200,409 |
|
Freddie Mac, MBS, |
|
|
|
|
|
|
|
|
3.00%, 1/1/46 Pool, 30 Year |
|
|
1,545 |
|
|
|
1,582,837 |
|
3.50%, 7/1/49 Pool, 30 Year |
|
|
545 |
|
|
|
560,155 |
|
Ginnie Mae, MBS, |
|
|
|
|
|
|
|
|
3.00%, 1/21/50 TBA, 30 Year (c) |
|
|
645 |
|
|
|
662,155 |
|
3.50%, 2/20/48 Pool, 30 Year |
|
|
1,300 |
|
|
|
1,359,051 |
|
3.50%, 8/20/49 Pool, 30 Year |
|
|
618 |
|
|
|
637,844 |
|
4.00%, 3/20/48 Pool, 30 Year |
|
|
545 |
|
|
|
570,359 |
|
United States Small Business Administration, ABS, |
|
|
|
|
|
|
|
|
2.15%, 8/1/39 Series 2019-20, Class H1 |
|
|
200 |
|
|
|
198,290 |
|
2.60%, 6/1/39 Series 2019-20, Class F1 |
|
|
135 |
|
|
|
136,425 |
|
2.85%, 10/1/37 Series 2017-20, Class J1 |
|
|
221 |
|
|
|
225,257 |
|
2.88%, 5/1/39 Series 2019-20, Class E1 |
|
|
211 |
|
|
|
214,021 |
|
2.92%, 1/1/38 Series 2018-20, Class A1 |
|
|
389 |
|
|
|
398,024 |
|
3.20%, 3/1/39 Series 2019-20, Class C1 |
|
|
117 |
|
|
|
122,529 |
|
3.26%, 2/1/39 Series 2019-20, Class B1 |
|
|
855 |
|
|
|
893,157 |
|
3.37%, 1/1/39 Series 2019-20, Class A1 |
|
|
293 |
|
|
|
306,782 |
|
3.50%, 5/1/38 Series 2018-20, Class E1 |
|
|
281 |
|
|
|
298,749 |
|
3.53%, 9/1/38 Series 2018-20, Class I1 |
|
|
348 |
|
|
|
369,447 |
|
3.54%, 7/1/38 Series 2018-20, Class G1 |
|
|
267 |
|
|
|
284,349 |
|
3.58%, 8/1/38 Series 2018-20, Class H1 |
|
|
503 |
|
|
|
533,082 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency Securities (cost$21,122,109) |
|
|
|
21,337,522 |
|
|
|
|
|
|
|
|
|
|
|
CORPORATE BONDS & NOTES32.1% |
|
|
|
|
Aerospace & Defense2.5% |
|
|
|
|
|
|
|
|
Boeing Co., |
|
|
|
|
|
|
|
|
2.95%, 2/1/30 |
|
|
414 |
|
|
|
423,618 |
|
L3Harris Technologies, Inc., |
|
|
|
|
|
|
|
|
4.40%, 6/15/28 |
|
|
355 |
|
|
|
396,241 |
|
Northrop Grumman Corp., |
|
|
|
|
|
|
|
|
2.93%, 1/15/25 |
|
|
110 |
|
|
|
113,391 |
|
Northrop Grumman Systems Corp., |
|
|
|
|
|
|
|
|
7.875%, 3/1/26 |
|
|
305 |
|
|
|
391,902 |
|
United Technologies Corp., |
|
|
|
|
|
|
|
|
6.125%, 7/15/38 |
|
|
105 |
|
|
|
146,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,471,605 |
|
|
|
|
|
|
|
|
|
|
Banks8.5% |
|
|
|
|
|
Bank of America Corp. (e), |
|
|
|
|
|
|
|
|
2.884%, 10/22/30 (converts to FRN on 10/22/29) |
|
|
385 |
|
|
|
389,444 |
|
3.366%, 1/23/26 (converts to FRN on 1/23/25) |
|
|
680 |
|
|
|
711,554 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Citigroup, Inc. (e), |
|
|
|
|
|
|
|
|
2.976%, 11/5/30 (converts to FRN on 11/5/29) |
|
$ |
200 |
|
|
$ |
203,159 |
|
5.00%, 9/12/24, Ser. U (converts to FRN on 9/12/24) (d) |
|
|
205 |
|
|
|
214,866 |
|
Citizens Financial Group, Inc., Ser. B, (converts to FRN on 7/6/23) (d)(e), |
|
|
|
|
|
|
|
|
6.00%, 7/6/23 |
|
|
95 |
|
|
|
100,607 |
|
Credit Suisse Group AG, (converts to FRN on 8/1/26) (a)(b)(d)(e), |
|
|
|
|
|
|
|
|
6.375%, 8/21/26 |
|
|
235 |
|
|
|
253,918 |
|
Fifth Third Bancorp, (converts to FRN on 6/30/23) (d)(e),
|
|
|
|
|
|
|
|
|
5.10%, 6/30/23 |
|
|
130 |
|
|
|
133,935 |
|
First Maryland Capital II, 3 mo. LIBOR + 0.850% (e),
|
|
|
|
|
|
|
|
|
2.759%, 2/1/27 |
|
|
443 |
|
|
|
419,742 |
|
Huntington Bancshares, Inc., Ser. E, (converts to FRN on 4/15/23) (d)(e),
|
|
|
|
|
|
|
|
|
5.70%, 4/15/23 |
|
|
130 |
|
|
|
134,968 |
|
Huntington Capital Trust I, 3 mo. LIBOR + 0.700% (e),
|
|
|
|
|
|
|
|
|
2.627%, 2/1/27 |
|
|
137 |
|
|
|
126,040 |
|
JPMorgan Chase & Co., 3 mo. LIBOR + 0.950% (e),
|
|
|
|
|
|
|
|
|
2.852%, 2/2/37 |
|
|
762 |
|
|
|
674,370 |
|
KeyCorp, |
|
|
|
|
|
|
|
|
2.55%, 10/1/29 |
|
|
435 |
|
|
|
425,448 |
|
Popular, Inc.,
|
|
|
|
|
|
|
|
|
6.125%, 9/14/23 |
|
|
350 |
|
|
|
377,708 |
|
State Street Corp., 3 mo. LIBOR + 1.000% (e), |
|
|
|
|
|
|
|
|
2.894%, 6/15/47 |
|
|
365 |
|
|
|
320,287 |
|
Truist Financial Corp. (d)(e), |
|
|
|
|
|
|
|
|
4.80%, 9/1/24, Ser. N (converts to FRN on 9/1/24) |
|
|
275 |
|
|
|
284,281 |
|
5.125%, 12/15/27, Ser. M (converts to FRN on 12/15/27) |
|
|
125 |
|
|
|
128,613 |
|
Wells Fargo Capital X,
|
|
|
|
|
|
|
|
|
5.95%, 12/15/36 |
|
|
110 |
|
|
|
137,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,036,842 |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services0.3% |
|
|
|
|
|
Discover Financial Services, Ser. C, (converts to FRN on 10/30/27) (d)(e), |
|
|
|
|
|
|
|
|
5.50%, 10/30/27 |
|
|
170 |
|
|
|
179,268 |
|
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities4.6% |
|
|
|
|
|
Alabama Power Co.,
|
|
|
|
|
|
|
|
|
2.80%, 4/1/25 |
|
|
360 |
|
|
|
367,702 |
|
Commonwealth Edison Co.,
|
|
|
|
|
|
|
|
|
5.90%, 3/15/36 |
|
|
135 |
|
|
|
179,919 |
|
Consolidated Edison Co. of New York, Inc., |
|
|
|
|
|
|
|
|
3.70%, 11/15/59 |
|
|
130 |
|
|
|
131,240 |
|
5.70%, 12/1/36, Ser. 06-E |
|
|
55 |
|
|
|
71,201 |
|
DTE Electric Co., Ser. A,
|
|
|
|
|
|
|
|
|
6.625%, 6/1/36 |
|
|
45 |
|
|
|
62,999 |
|
Edison International, |
|
|
|
|
|
|
|
|
2.95%, 3/15/23 |
|
|
225 |
|
|
|
225,501 |
|
3.55%, 11/15/24 |
|
|
370 |
|
|
|
375,999 |
|
Jersey Central Power & Light Co., |
|
|
|
|
|
|
|
|
4.30%, 1/15/26 (a)(b) |
|
|
170 |
|
|
|
184,968 |
|
6.15%, 6/1/37 |
|
|
165 |
|
|
|
213,584 |
|
NextEra Energy Capital Holdings, Inc.,
|
|
|
|
|
|
|
|
|
2.75%, 11/1/29 |
|
|
154 |
|
|
|
154,280 |
|
Schedule of Investments
AllianzGI Core Plus Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Pennsylvania Electric Co. (a)(b),
|
|
|
|
|
|
|
|
|
3.25%, 3/15/28 |
|
$ |
60 |
|
|
$ |
61,743 |
|
San Diego Gas & Electric Co., Ser. NNN,
|
|
|
|
|
|
|
|
|
3.60%, 9/1/23 |
|
|
240 |
|
|
|
250,701 |
|
Sempra Energy,
|
|
|
|
|
|
|
|
|
3.55%, 6/15/24 |
|
|
360 |
|
|
|
376,268 |
|
Southern California Edison Co., |
|
|
|
|
|
|
|
|
1.845%, 2/1/22 |
|
|
25 |
|
|
|
24,718 |
|
3.90%, 12/1/41 |
|
|
56 |
|
|
|
55,078 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,735,901 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Products0.4% |
|
|
|
|
|
DH Europe Finance II Sarl,
|
|
|
|
|
|
|
|
|
2.05%, 11/15/22 |
|
|
259 |
|
|
|
259,529 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Services0.4% |
|
|
|
|
|
UnitedHealth Group, Inc.,
|
|
|
|
|
|
|
|
|
3.50%, 8/15/39 |
|
|
205 |
|
|
|
214,833 |
|
|
|
|
|
|
|
|
|
|
|
|
Insurance0.9% |
|
|
|
|
|
Lincoln National Corp., 3 mo. LIBOR + 2.358% (e),
|
|
|
|
|
|
|
|
|
4.262%, 5/17/66 |
|
|
125 |
|
|
|
111,183 |
|
MetLife, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
9.25%, 4/8/38 |
|
|
70 |
|
|
|
103,338 |
|
New York Life Insurance Co. (a)(b), |
|
|
|
|
|
|
|
|
4.45%, 5/15/69 |
|
|
265 |
|
|
|
301,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
516,093 |
|
|
|
|
|
|
|
|
|
|
Media2.3% |
|
|
|
|
|
Charter Communications Operating LLC,
|
|
|
|
|
|
|
|
|
4.908%, 7/23/25 |
|
|
405 |
|
|
|
446,459 |
|
Comcast Corp.,
|
|
|
|
|
|
|
|
|
2.35%, 1/15/27 |
|
|
440 |
|
|
|
439,572 |
|
Time Warner Cable LLC, |
|
|
|
|
|
|
|
|
4.50%, 9/15/42 |
|
|
145 |
|
|
|
145,847 |
|
6.55%, 5/1/37 |
|
|
55 |
|
|
|
67,968 |
|
ViacomCBS, Inc., (converts to FRN on 2/28/27) (e),
|
|
|
|
|
|
|
|
|
6.25%, 2/28/57 |
|
|
130 |
|
|
|
144,401 |
|
Walt Disney Co.,
|
|
|
|
|
|
|
|
|
7.30%, 4/30/28 |
|
|
100 |
|
|
|
133,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,378,079 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing2.3% |
|
|
|
|
|
3M Co.,
|
|
|
|
|
|
|
|
|
3.25%, 8/26/49 |
|
|
97 |
|
|
|
94,286 |
|
General Electric Co., 3 mo. LIBOR + 1.000%, 3.001%, 4/15/23 (e) |
|
|
240 |
|
|
|
240,803 |
|
4.625%, 1/7/21 |
|
|
1,005 |
|
|
|
1,032,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,367,323 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels1.8% |
|
|
|
|
|
Boston Gas Co. (a)(b),
|
|
|
|
|
|
|
|
|
3.15%, 8/1/27 |
|
|
259 |
|
|
|
267,624 |
|
Cenovus Energy, Inc.,
|
|
|
|
|
|
|
|
|
4.25%, 4/15/27 |
|
|
305 |
|
|
|
323,429 |
|
Hess Corp.,
|
|
|
|
|
|
|
|
|
7.125%, 3/15/33 |
|
|
112 |
|
|
|
144,023 |
|
NiSource, Inc.,
|
|
|
|
|
|
|
|
|
3.49%, 5/15/27 |
|
|
343 |
|
|
|
360,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,095,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Pharmaceuticals3.0% |
|
|
|
|
|
AbbVie, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
2.60%, 11/21/24 |
|
$ |
367 |
|
|
$ |
369,944 |
|
Allergan Funding SCS,
|
|
|
|
|
|
|
|
|
3.85%, 6/15/24 |
|
|
375 |
|
|
|
394,354 |
|
Becton Dickinson and Co.,
|
|
|
|
|
|
|
|
|
2.894%, 6/6/22 |
|
|
855 |
|
|
|
869,167 |
|
CVS Health Corp.,
|
|
|
|
|
|
|
|
|
4.875%, 7/20/35 |
|
|
125 |
|
|
|
143,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,776,701 |
|
|
|
|
|
|
|
|
|
|
Pipelines3.3% |
|
|
|
|
|
Cameron LNG LLC (a)(b),
|
|
|
|
|
|
|
|
|
3.701%, 1/15/39 |
|
|
372 |
|
|
|
379,975 |
|
Columbia Pipeline Group, Inc.,
|
|
|
|
|
|
|
|
|
4.50%, 6/1/25 |
|
|
178 |
|
|
|
195,100 |
|
El Paso Natural Gas Co. LLC,
|
|
|
|
|
|
|
|
|
8.375%, 6/15/32 |
|
|
75 |
|
|
|
104,371 |
|
Energy Transfer Operating L.P.,
|
|
|
|
|
|
|
|
|
6.50%, 2/1/42 |
|
|
140 |
|
|
|
166,663 |
|
Kinder Morgan Energy Partners L.P.,
|
|
|
|
|
|
|
|
|
7.50%, 11/15/40 |
|
|
30 |
|
|
|
41,188 |
|
Plains All American Pipeline L.P., |
|
|
|
|
|
|
|
|
4.65%, 10/15/25 |
|
|
620 |
|
|
|
665,813 |
|
6.125%, 11/15/22, Ser. B (converts to FRN on 11/15/22) (d)(e) |
|
|
447 |
|
|
|
417,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,970,617 |
|
|
|
|
|
|
|
|
|
|
Semiconductors0.9% |
|
|
|
|
|
Broadcom Corp.,
|
|
|
|
|
|
|
|
|
3.875%, 1/15/27 |
|
|
495 |
|
|
|
513,707 |
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications0.5% |
|
|
|
|
|
AT&T, Inc.,
|
|
|
|
|
|
|
|
|
4.30%, 2/15/30 |
|
|
250 |
|
|
|
277,605 |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation0.4% |
|
|
|
|
|
Kansas City Southern,
|
|
|
|
|
|
|
|
|
4.20%, 11/15/69 |
|
|
60 |
|
|
|
61,906 |
|
United Parcel Service, Inc.,
|
|
|
|
|
|
|
|
|
3.40%, 9/1/49 |
|
|
194 |
|
|
|
195,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
257,334 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$18,615,837) |
|
|
|
19,051,353 |
|
|
|
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITIES26.9% |
|
|
|
|
Ally Auto Receivables Trust, Series 2019-1, Class A3,
|
|
|
|
|
|
|
|
|
2.91%, 9/15/23 |
|
|
260 |
|
|
|
263,248 |
|
American Express Credit Account, 1 mo. LIBOR + 0.320%, Series 2018-3, Class A (e),
|
|
|
|
|
|
|
|
|
2.06%, 10/15/25 |
|
|
100 |
|
|
|
100,035 |
|
American Express Credit Account Master Trust, 1 mo. LIBOR + 0.380%, Series 2017-5,
Class A (e), |
|
|
|
|
|
|
|
|
2.12%, 2/18/25 |
|
|
903 |
|
|
|
906,361 |
|
BA Credit Card Trust, Series 2018-A3, Class A3,
|
|
|
|
|
|
|
|
|
3.10%, 12/15/23 |
|
|
510 |
|
|
|
519,617 |
|
Schedule of Investments
AllianzGI Core Plus Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
BMW Vehicle Owner Trust, Series 2018-A, Class A4,
|
|
|
|
|
|
|
|
|
2.51%, 6/25/24 |
|
$ |
260 |
|
|
$ |
262,089 |
|
Carmax Auto Owner Trust, Series 2019-3, Class C,
|
|
|
|
|
|
|
|
|
2.60%, 6/16/25 |
|
|
400 |
|
|
|
401,143 |
|
Chesapeake Funding II LLC, Series 2019-2A, Class C (a)(b),
|
|
|
|
|
|
|
|
|
2.27%, 9/15/31 |
|
|
400 |
|
|
|
396,869 |
|
Citibank Credit Card Issuance Trust (e), 1 mo. LIBOR + 0.370%, 2.08%, 8/8/24 Series
2017-A7, Class A7 |
|
|
260 |
|
|
|
260,994 |
|
1 mo. LIBOR + 0.330%, 2.095%, 1/20/25 Series 2018-A2, Class A2 |
|
|
700 |
|
|
|
700,615 |
|
CNH Equipment Trust, Series 2019-B, Class A3,
|
|
|
|
|
|
|
|
|
2.52%, 8/15/24 |
|
|
515 |
|
|
|
520,009 |
|
Dryden 68 CLO Ltd., 3 mo. USD-LIBOR + 1.310%, Series
2019-68A, Class A (a)(b)(e),
|
|
|
|
|
|
|
|
|
3.311%, 7/15/32 |
|
|
515 |
|
|
|
515,763 |
|
Ford Credit Auto Owner Trust, |
|
|
|
|
|
|
|
|
1.93%, 4/15/25 Series 2019-C, Class A4 |
|
|
825 |
|
|
|
823,620 |
|
3.16%, 10/15/23 Series 2018-A, Class A4 |
|
|
298 |
|
|
|
304,987 |
|
GM Financial Automobile Leasing Trust, Series 2019-3, Class C,
|
|
|
|
|
|
|
|
|
2.35%, 7/20/23 |
|
|
400 |
|
|
|
399,785 |
|
GM Financial Consumer Automobile Receivables Trust, Series 2019-3, Class A3,
|
|
|
|
|
|
|
|
|
2.18%, 4/16/24 |
|
|
243 |
|
|
|
244,150 |
|
Honda Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
2.83%, 3/20/23 Series 2019-1, Class A3 |
|
|
960 |
|
|
|
974,699 |
|
3.07%, 11/21/24 Series 2018-3, Class A4 |
|
|
170 |
|
|
|
173,637 |
|
HPEFS Equipment Trust (a)(b), |
|
|
|
|
|
|
|
|
2.21%, 9/20/29 Series 2019-1A, Class A3 |
|
|
507 |
|
|
|
507,940 |
|
2.49%, 9/20/29 Series 2019-1A, Class C |
|
|
400 |
|
|
|
400,283 |
|
Hyundai Auto Receivables Trust, |
|
|
|
|
|
|
|
|
2.40%, 6/15/26 Series 2019-B, Class C |
|
|
600 |
|
|
|
599,143 |
|
2.66%, 6/15/23 Series 2019-A, Class A3 |
|
|
885 |
|
|
|
895,447 |
|
John Deere Owner Trust, Series 2019-B, Class A2,
|
|
|
|
|
|
|
|
|
2.28%, 5/16/22 |
|
|
360 |
|
|
|
361,220 |
|
MVW LLC, Series 2019-2A, Class A (a)(b), |
|
|
|
|
|
|
|
|
2.22%, 10/20/38 |
|
|
573 |
|
|
|
569,598 |
|
Nissan Auto Receivables Owner Trust, Series 2019-A, Class A3,
|
|
|
|
|
|
|
|
|
2.90%, 10/16/23 |
|
|
435 |
|
|
|
441,832 |
|
Octagon Investment Partners 30 Ltd., 3 mo.
USD-LIBOR-BBA + 1.320%, Series 2017-1A, Class A1 (a)(b)(e), |
|
|
|
|
|
|
|
|
3.286%, 3/17/30 |
|
|
566 |
|
|
|
565,988 |
|
Sofi Consumer Loan Program LLC, Series 2016-3, Class B (a)(b)(e),
|
|
|
|
|
|
|
|
|
4.49%, 12/26/25 |
|
|
600 |
|
|
|
611,208 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Starwood Waypoint Homes Trust, 1 mo. LIBOR + 0.950%, Series 2017-1, Class A
(a)(b)(e),
|
|
|
|
|
|
|
|
|
2.69%, 1/17/35 |
|
$ |
418 |
|
|
$ |
417,284 |
|
Toyota Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
1.91%, 9/15/23 Series 2019-C, Class A3 |
|
|
475 |
|
|
|
475,306 |
|
2.91%, 7/17/23 Series 2019-A, Class A3 |
|
|
435 |
|
|
|
441,481 |
|
Verizon Owner Trust, |
|
|
|
|
|
|
|
|
1.94%, 4/22/24 Series 2019-C, Class A1A |
|
|
580 |
|
|
|
579,531 |
|
2.16%, 4/22/24 Series 2019-C, Class C |
|
|
600 |
|
|
|
597,005 |
|
Volvo Financial Equipment Master Owner Trust, 1 mo. LIBOR + 0.520%, Series 2018-A,
Class A (a)(b)(e), 2.26%, 7/17/23 |
|
|
728 |
|
|
|
731,459 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities (cost$15,939,132) |
|
|
|
15,962,346 |
|
|
|
|
|
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS2.9% |
|
|
|
|
U.S. Treasury Bonds,
|
|
|
|
|
|
|
|
|
2.25%, 8/15/49 |
|
|
256 |
|
|
|
248,400 |
|
4.50%, 5/15/38 |
|
|
67 |
|
|
|
90,549 |
|
U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
1.25%, 1/31/20 (h) |
|
|
1,000 |
|
|
|
999,844 |
|
1.75%, 12/31/24 |
|
|
79 |
|
|
|
79,210 |
|
1.75%, 11/15/29 (h) |
|
|
276 |
|
|
|
271,838 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$1,698,890) |
|
|
|
1,689,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
PREFERRED STOCK (e)2.5% |
|
|
|
|
|
|
|
Banks0.6% |
|
|
|
|
|
Citigroup Capital XIII, |
|
|
|
|
|
|
|
|
8.31%, 10/30/40 |
|
|
13,495 |
|
|
|
375,161 |
|
|
|
|
|
|
|
|
|
|
|
|
Pipelines1.9% |
|
|
|
|
|
Energy Transfer Operating L.P., Ser. E, 7.60% (d) |
|
|
44,235 |
|
|
|
1,120,030 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$1,487,420) |
|
|
|
1,495,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
MORTGAGE-BACKED SECURITIES2.3% |
|
|
|
|
Bank 2019, |
|
|
|
|
|
|
|
|
2.92%, 12/15/52 Series BNK23, Class A3 |
|
$ |
660 |
|
|
|
676,171 |
|
3.183%, 8/15/61 Series BNK19, Class A3
|
|
|
660 |
|
|
|
690,702 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities (cost$1,375,887) |
|
|
|
1,366,873 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Core Plus Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements5.8% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $3,454,048; collateralized by U.S. Treasury
Bonds, 3.00%, due 11/15/45, valued at $3,525,339 including accrued interest (cost$3,454,000) |
|
$ |
3,454 |
|
|
$ |
3,454,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$63,693,275)108.5% |
|
|
|
64,357,126 |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities in excess of other assets (f)(8.5)% |
|
|
|
(5,028,323 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
59,328,803 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $6,639,474,
representing 11.2% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $6,639,474, representing 11.2% of net assets. |
(c) |
When-issued or delayed-delivery. To be settled/delivered after December 31, 2019. |
(d) |
Perpetual maturity. The date shown, if any, is the next call date. |
(e) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
(f) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2-Year U.S. Treasury Note |
|
|
2 |
|
|
|
3/31/20 |
|
|
$ |
400 |
|
|
$ |
431 |
|
|
$ |
153 |
|
5-Year U.S. Treasury Note |
|
|
28 |
|
|
|
3/31/20 |
|
|
|
2,800 |
|
|
|
3,321 |
|
|
|
(6,297 |
) |
10-Year U.S. Treasury Note |
|
|
7 |
|
|
|
3/20/20 |
|
|
|
700 |
|
|
|
899 |
|
|
|
(1,810 |
) |
Ultra U.S. Treasury Bond |
|
|
31 |
|
|
|
3/20/20 |
|
|
|
3,100 |
|
|
|
5,631 |
|
|
|
(178,255 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(186,209 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year Ultra U.S. Treasury Bond |
|
|
(6 |
) |
|
|
3/20/20 |
|
|
$ |
(600 |
) |
|
$ |
(844 |
) |
|
$ |
3,868 |
|
U.S. Long Bond |
|
|
(4 |
) |
|
|
3/20/20 |
|
|
|
(400 |
) |
|
|
(624 |
) |
|
|
4,742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(177,599 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit default swaps agreements outstanding at December 31, 2019:
Centrally cleared buy protection swap agreements(1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Reference Debt Issuer |
|
Notional Amount (000s)(4)
|
|
|
Implied Credit Spread(3)
|
|
|
Termination Date |
|
|
Fixed Deal Pay Rate |
|
|
Payment Frequency |
|
|
Value(5) |
|
|
Upfront Premiums Received |
|
|
Unrealized Depreciation |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AT&T, Inc. |
|
$ |
1,165 |
|
|
|
0.681 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
$ |
(18,767 |
) |
|
$ |
(8,854 |
) |
|
$ |
(9,913 |
) |
Berkshire Hathaway, Inc. |
|
|
1,205 |
|
|
|
0.356 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(39,108 |
) |
|
|
(36,892 |
) |
|
|
(2,216 |
) |
Carnival Corp. |
|
|
570 |
|
|
|
0.356 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(18,489 |
) |
|
|
(13,606 |
) |
|
|
(4,883 |
) |
CDX.NA.HY.33 |
|
|
3,790 |
|
|
|
0.455 |
% |
|
|
12/20/24 |
|
|
|
(5.00 |
)% |
|
|
Quarterly |
|
|
|
(371,620 |
) |
|
|
(322,343 |
) |
|
|
(49,277 |
) |
CSX Corp. |
|
|
560 |
|
|
|
0.251 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(20,841 |
) |
|
|
(19,662 |
) |
|
|
(1,179 |
) |
CVS Health Corp. |
|
|
625 |
|
|
|
0.633 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(11,941 |
) |
|
|
(7,089 |
) |
|
|
(4,852 |
) |
General Electric Co. |
|
|
705 |
|
|
|
0.453 |
% |
|
|
6/20/21 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(6,509 |
) |
|
|
(2,667 |
) |
|
|
(3,842 |
) |
General Electric Co. |
|
|
220 |
|
|
|
0.639 |
% |
|
|
6/20/23 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(3,232 |
) |
|
|
(2,859 |
) |
|
|
(373 |
) |
McKesson Corp. |
|
|
605 |
|
|
|
0.862 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(5,506 |
) |
|
|
|
|
|
|
(5,506 |
) |
Morgan Stanley |
|
|
1,120 |
|
|
|
0.504 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(27,631 |
) |
|
|
(22,254 |
) |
|
|
(5,377 |
) |
Union Pacific Corp. |
|
|
560 |
|
|
|
0.236 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(21,372 |
) |
|
|
(20,259 |
) |
|
|
(1,113 |
) |
UnitedHealth Group, Inc. |
|
|
1,165 |
|
|
|
0.324 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(39,627 |
) |
|
|
(38,629 |
) |
|
|
(998 |
) |
Verizon Communications, Inc. |
|
|
315 |
|
|
|
0.410 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(9,264 |
) |
|
|
(7,057 |
) |
|
|
(2,207 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(593,907 |
) |
|
$ |
(502,171 |
) |
|
$ |
(91,736 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Core Plus Bond Fund
December 31, 2019 (unaudited) (continued)
Centrally cleared sell protection swap agreements(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Referenced Debt Issuer |
|
Notional Amount (000s)(4)
|
|
|
Implied Credit Spread(3)
|
|
|
Termination Date |
|
|
Fixed Deal Received Rate |
|
|
Payment Frequency |
|
Value(5) |
|
|
Upfront Premiums Paid |
|
|
Unrealized Appreciation (Depreciation) |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CDX.NA.IG.33 |
|
$ |
1,140 |
|
|
|
0.455 |
% |
|
|
12/20/24 |
|
|
|
1.00 |
% |
|
Quarterly |
|
$ |
29,963 |
|
|
$ |
21,230 |
|
|
$ |
8,733 |
|
Boeing Co. |
|
|
1,225 |
|
|
|
0.551 |
% |
|
|
12/20/24 |
|
|
|
1.00 |
% |
|
Quarterly |
|
|
27,911 |
|
|
|
28,337 |
|
|
|
(426 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
57,874 |
|
|
$ |
49,567 |
|
|
$ |
8,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or
(ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are
assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby
a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
(2) |
If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) pay
a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market
makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number
of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
(3) |
Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements as of
year/period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of
buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default
or other credit event occurring as defined under the terms of the agreement. |
(4) |
This represents the maximum potential amount the Fund could be required to make available as a seller of credit protection or receive as a
buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(5) |
The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at December 31, 2019
of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement have been closed/sold as of the period end. Increasing market values, in
absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the
agreement. |
(i) |
At December 31, 2019, the Fund pledged $446,085 in cash as collateral for futures contracts and $435,775 in cash as collateral for swap
contracts. The fund also held U.S. Treasury Obligation valued at $1,226,781 pledged as collateral for swap contracts. |
Glossary:
ABSAsset-Backed
Securities
BBABritish Bankers Association
CDXCredit Derivatives Index
CLOCollateralized Loan Obligation
FRNFloating Rate Note
ICEIntercontinental Exchange
LIBORLondon Inter-Bank Offered Rate
MBSMortgage-Backed Securities
TBATo
Be Announced
UMBSUniform Mortgage-Backed Securities
Schedule of Investments
AllianzGI Emerging Markets Consumer Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK97.2% |
|
|
|
|
|
|
|
Brazil6.5% |
|
|
|
|
|
Ambev S.A. |
|
|
60,400 |
|
|
$ |
281,179 |
|
Banco Santander Brasil S.A. ADR |
|
|
16,170 |
|
|
|
196,142 |
|
IRB Brasil Resseguros S.A. |
|
|
38,100 |
|
|
|
370,139 |
|
Porto Seguro S.A. |
|
|
47,500 |
|
|
|
742,622 |
|
Qualicorp Consultoria e Corretora de Seguros S.A. |
|
|
82,700 |
|
|
|
765,518 |
|
Sul America S.A. UNIT |
|
|
17,100 |
|
|
|
255,228 |
|
Tim Participacoes S.A. |
|
|
46,700 |
|
|
|
182,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,793,515 |
|
|
|
|
|
|
|
|
|
|
Canada1.9% |
|
|
|
|
|
Manulife Financial Corp. |
|
|
39,217 |
|
|
|
796,088 |
|
|
|
|
|
|
|
|
|
|
|
|
China35.5% |
|
|
|
|
|
Alibaba Group Holding Ltd. ADR (e) |
|
|
12,685 |
|
|
|
2,690,488 |
|
BYD Electronic International Co., Ltd. |
|
|
91,000 |
|
|
|
175,191 |
|
China Medical System Holdings Ltd. |
|
|
66,000 |
|
|
|
95,000 |
|
China Merchants Bank Co., Ltd., Class H |
|
|
206,500 |
|
|
|
1,061,643 |
|
China Vanke Co., Ltd., Class H |
|
|
169,200 |
|
|
|
721,824 |
|
China Yuhua Education Corp., Ltd. (a) |
|
|
148,000 |
|
|
|
100,020 |
|
Geely Automobile Holdings Ltd. |
|
|
100,000 |
|
|
|
195,791 |
|
Greenland Holdings Corp., Ltd., Class A |
|
|
413,285 |
|
|
|
412,463 |
|
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class H |
|
|
60,000 |
|
|
|
204,976 |
|
Hisense Home Appliances Group Co., Ltd., Class H |
|
|
35,000 |
|
|
|
38,366 |
|
JD.com, Inc. ADR (e) |
|
|
7,900 |
|
|
|
278,317 |
|
Kweichow Moutai Co., Ltd., Class A |
|
|
3,000 |
|
|
|
510,532 |
|
Lenovo Group Ltd. |
|
|
674,000 |
|
|
|
452,627 |
|
Longfor Group Holdings Ltd. (a) |
|
|
56,000 |
|
|
|
262,247 |
|
Luye Pharma Group Ltd. (a) |
|
|
365,000 |
|
|
|
273,651 |
|
Meituan Dianping, Class B (e) |
|
|
6,300 |
|
|
|
82,317 |
|
NetEase, Inc. ADR |
|
|
1,400 |
|
|
|
429,296 |
|
New Oriental Education & Technology Group, Inc. ADR (e) |
|
|
4,900 |
|
|
|
594,125 |
|
Ping An Insurance Group Co. of China Ltd., Class H |
|
|
172,000 |
|
|
|
2,035,355 |
|
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A |
|
|
22,900 |
|
|
|
599,010 |
|
Shimao Property Holdings Ltd. |
|
|
113,500 |
|
|
|
439,856 |
|
Tencent Holdings Ltd. |
|
|
57,600 |
|
|
|
2,774,945 |
|
Wuliangye Yibin Co., Ltd., Class A |
|
|
11,601 |
|
|
|
222,014 |
|
Yum China Holdings, Inc. |
|
|
8,100 |
|
|
|
388,881 |
|
Zhongsheng Group Holdings Ltd. |
|
|
34,500 |
|
|
|
141,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,180,229 |
|
|
|
|
|
|
|
|
|
|
Denmark0.7% |
|
|
|
|
|
Carlsberg A/S, Class B |
|
|
1,902 |
|
|
|
283,847 |
|
|
|
|
|
|
|
|
|
|
|
|
Greece0.3% |
|
|
|
|
|
OPAP S.A. |
|
|
9,331 |
|
|
|
121,401 |
|
|
|
|
|
|
|
|
|
|
|
|
India6.2% |
|
|
|
|
|
Bajaj Finance Ltd. |
|
|
7,265 |
|
|
|
431,234 |
|
HDFC Bank Ltd. ADR |
|
|
24,520 |
|
|
|
1,553,832 |
|
Housing Development Finance Corp., Ltd. |
|
|
19,345 |
|
|
|
654,102 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,639,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Indonesia1.0% |
|
|
|
|
|
Indofood Sukses Makmur Tbk PT |
|
|
441,300 |
|
|
$ |
251,622 |
|
Media Nusantara Citra Tbk PT |
|
|
1,533,700 |
|
|
|
179,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
431,470 |
|
|
|
|
|
|
|
|
|
|
Japan0.7% |
|
|
|
|
|
Astellas Pharma, Inc. |
|
|
7,100 |
|
|
|
121,197 |
|
Hoya Corp. |
|
|
1,800 |
|
|
|
171,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
293,028 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)12.7% |
|
|
|
|
|
Fila Korea Ltd. |
|
|
2,198 |
|
|
|
100,435 |
|
Hyundai Mobis Co., Ltd. |
|
|
4,486 |
|
|
|
992,485 |
|
Kia Motors Corp. |
|
|
16,928 |
|
|
|
646,489 |
|
LG Electronics, Inc. |
|
|
3,754 |
|
|
|
233,188 |
|
Samsung Electronics Co., Ltd. |
|
|
71,761 |
|
|
|
3,457,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,430,533 |
|
|
|
|
|
|
|
|
|
|
Mexico2.1% |
|
|
|
|
|
Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand ADR |
|
|
11,665 |
|
|
|
79,089 |
|
Grupo Financiero Banorte S.A.B de C.V., Class O |
|
|
115,400 |
|
|
|
644,824 |
|
Wal-Mart de Mexico S.A.B de C.V. |
|
|
65,500 |
|
|
|
187,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
911,501 |
|
|
|
|
|
|
|
|
|
|
Philippines1.6% |
|
|
|
|
|
Altus San Nicolas Corp. (c)(d)(e) |
|
|
5,738 |
|
|
|
589 |
|
Ayala Land, Inc. |
|
|
299,650 |
|
|
|
268,759 |
|
Globe Telecom, Inc. |
|
|
3,005 |
|
|
|
119,856 |
|
Megaworld Corp. |
|
|
1,398,800 |
|
|
|
110,628 |
|
Robinsons Land Corp. |
|
|
304,900 |
|
|
|
165,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
665,692 |
|
|
|
|
|
|
|
|
|
|
Poland0.2% |
|
|
|
|
|
Dino Polska S.A. (a)(e) |
|
|
2,654 |
|
|
|
100,700 |
|
|
|
|
|
|
|
|
|
|
|
|
Russian Federation1.4% |
|
|
|
|
|
Mobile TeleSystems PJSC ADR |
|
|
59,450 |
|
|
|
603,418 |
|
|
|
|
|
|
|
|
|
|
|
|
Singapore1.1% |
|
|
|
|
|
CapitaLand Ltd. |
|
|
166,700 |
|
|
|
465,179 |
|
|
|
|
|
|
|
|
|
|
|
|
South Africa0.5% |
|
|
|
|
|
Mr Price Group Ltd. |
|
|
17,700 |
|
|
|
231,084 |
|
|
|
|
|
|
|
|
|
|
|
|
Switzerland2.3% |
|
|
|
|
|
Roche Holding AG |
|
|
3,018 |
|
|
|
980,858 |
|
|
|
|
|
|
|
|
|
|
|
|
Taiwan9.9% |
|
|
|
|
|
Asustek Computer, Inc. |
|
|
15,000 |
|
|
|
115,768 |
|
Chicony Electronics Co., Ltd. |
|
|
34,000 |
|
|
|
101,037 |
|
Chlitina Holding Ltd. |
|
|
27,000 |
|
|
|
214,705 |
|
Chong Hong Construction Co., Ltd. |
|
|
62,000 |
|
|
|
168,246 |
|
CTBC Financial Holding Co., Ltd. |
|
|
702,000 |
|
|
|
525,196 |
|
Eclat Textile Co., Ltd. |
|
|
7,000 |
|
|
|
94,230 |
|
First Financial Holding Co., Ltd. |
|
|
1,017,447 |
|
|
|
805,084 |
|
Grape King Bio Ltd. |
|
|
19,000 |
|
|
|
123,610 |
|
Lite-On Technology Corp. |
|
|
280,000 |
|
|
|
461,006 |
|
Pou Chen Corp. |
|
|
71,000 |
|
|
|
92,874 |
|
Primax Electronics Ltd. |
|
|
273,000 |
|
|
|
578,119 |
|
Shin Kong Financial Holding Co., Ltd. (e) |
|
|
407,724 |
|
|
|
140,908 |
|
Taiwan Paiho Ltd. |
|
|
48,000 |
|
|
|
134,965 |
|
Wistron Corp. |
|
|
691,000 |
|
|
|
654,189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,209,937 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Emerging Markets Consumer Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Thailand3.9% |
|
|
|
|
|
Advanced Info Service PCL (c)(d) |
|
|
97,500 |
|
|
$ |
692,332 |
|
Bangkok Dusit Medical Services PCL (c)(d) |
|
|
500,800 |
|
|
|
434,047 |
|
Charoen Pokphand Foods PCL (c)(d) |
|
|
173,300 |
|
|
|
158,871 |
|
Thanachart Capital PCL (c)(d) |
|
|
220,000 |
|
|
|
392,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,677,779 |
|
|
|
|
|
|
|
|
|
|
Turkey0.6% |
|
|
|
|
|
Turkcell Iletisim Hizmetleri AS |
|
|
79,660 |
|
|
|
184,756 |
|
Ulker Biskuvi Sanayi AS (e) |
|
|
17,302 |
|
|
|
65,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
249,787 |
|
|
|
|
|
|
|
|
|
|
United States8.1% |
|
|
|
|
|
Apple, Inc. |
|
|
1,400 |
|
|
|
411,110 |
|
Mastercard, Inc., Class A |
|
|
5,610 |
|
|
|
1,675,090 |
|
Microsoft Corp. |
|
|
1,300 |
|
|
|
205,010 |
|
Procter & Gamble Co. |
|
|
6,600 |
|
|
|
824,340 |
|
Thermo Fisher Scientific, Inc. |
|
|
1,020 |
|
|
|
331,367 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,446,917 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$32,897,428) |
|
|
|
41,512,131 |
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK1.8% |
|
|
|
|
|
|
|
Brazil1.8% |
|
|
|
|
|
Banco do Estado do Rio Grande do Sul S.A., Class B |
|
|
41,600 |
|
|
|
224,867 |
|
Cia Brasileira de Distribuicao |
|
|
4,900 |
|
|
|
107,058 |
|
Itau Unibanco Holding S.A. |
|
|
47,550 |
|
|
|
440,405 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$761,716) |
|
|
|
|
|
|
772,330 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$33,659,144) (b)99.0% |
|
|
|
42,284,461 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities1.0% |
|
|
|
436,018 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
42,720,479 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $736,618, representing 1.7% of net assets. |
(b) |
Securities with an aggregate value of $28,366,341, representing 66.4% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Fair-ValuedSecurities with an aggregate value of $1,678,368, representing 3.9% of net assets. |
(e) |
Non-income producing. |
Glossary:
ADRAmerican Depositary Receipt
UNITMore than one class of securities traded together
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Technology Hardware, Storage & Peripherals |
|
|
14.6 |
% |
Banks |
|
|
13.9 |
% |
Insurance |
|
|
10.2 |
% |
Internet & Direct Marketing Retail |
|
|
7.2 |
% |
Real Estate Management & Development |
|
|
7.1 |
% |
Interactive Media & Services |
|
|
6.5 |
% |
Wireless Telecommunication Services |
|
|
4.2 |
% |
Pharmaceuticals |
|
|
3.9 |
% |
IT Services |
|
|
3.9 |
% |
Beverages |
|
|
3.0 |
% |
Healthcare Providers & Services |
|
|
2.8 |
% |
Auto Components |
|
|
2.3 |
% |
Automobiles |
|
|
2.0 |
% |
Household Products |
|
|
1.9 |
% |
Healthcare Equipment & Supplies |
|
|
1.8 |
% |
Diversified Consumer Services |
|
|
1.6 |
% |
Thrifts & Mortgage Finance |
|
|
1.5 |
% |
Hotels, Restaurants & Leisure |
|
|
1.2 |
% |
Food Products |
|
|
1.1 |
% |
Consumer Finance |
|
|
1.0 |
% |
Entertainment |
|
|
1.0 |
% |
Textiles, Apparel & Luxury Goods |
|
|
1.0 |
% |
Food & Staples Retailing |
|
|
0.9 |
% |
Specialty Retail |
|
|
0.9 |
% |
Personal Products |
|
|
0.8 |
% |
Life Sciences Tools & Services |
|
|
0.8 |
% |
Household Durables |
|
|
0.6 |
% |
Software |
|
|
0.5 |
% |
Media |
|
|
0.4 |
% |
Communications Equipment |
|
|
0.4 |
% |
Other assets less liabilities |
|
|
1.0 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Emerging Markets Small-Cap Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK93.1% |
|
|
|
|
|
|
|
Brazil7.3% |
|
|
|
|
|
Camil Alimentos S.A. |
|
|
18,100 |
|
|
$ |
40,607 |
|
IRB Brasil Resseguros S.A. |
|
|
21,500 |
|
|
|
208,871 |
|
Porto Seguro S.A. |
|
|
6,900 |
|
|
|
107,876 |
|
Qualicorp Consultoria e Corretora de Seguros S.A. |
|
|
26,700 |
|
|
|
247,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
604,504 |
|
|
|
|
|
|
|
|
|
|
China11.3% |
|
|
|
|
|
China Lilang Ltd. |
|
|
22,000 |
|
|
|
17,965 |
|
China National Building Material Co., Ltd., Class H |
|
|
208,000 |
|
|
|
232,050 |
|
China Power International Development Ltd. |
|
|
69,000 |
|
|
|
14,790 |
|
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class H |
|
|
16,000 |
|
|
|
54,660 |
|
Hisense Home Appliances Group Co., Ltd., Class H |
|
|
60,000 |
|
|
|
65,770 |
|
Jiangsu Expressway Co., Ltd., Class H |
|
|
48,000 |
|
|
|
65,775 |
|
NetDragon Websoft Holdings Ltd. |
|
|
31,000 |
|
|
|
72,900 |
|
Qudian, Inc. ADR (e) |
|
|
10,675 |
|
|
|
50,279 |
|
Tianjin Zhongxin Pharmaceutical Group Corp., Ltd. |
|
|
11,900 |
|
|
|
10,122 |
|
Towngas China Co., Ltd. (e) |
|
|
88,495 |
|
|
|
61,302 |
|
West China Cement Ltd. |
|
|
974,000 |
|
|
|
160,077 |
|
Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H |
|
|
159,000 |
|
|
|
133,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
938,971 |
|
|
|
|
|
|
|
|
|
|
Czech Republic0.5% |
|
|
|
|
|
Philip Morris CR AS |
|
|
61 |
|
|
|
41,094 |
|
|
|
|
|
|
|
|
|
|
|
|
Greece1.0% |
|
|
|
|
|
Hellenic Petroleum S.A. |
|
|
1,919 |
|
|
|
18,897 |
|
Motor Oil Hellas Corinth Refineries S.A. |
|
|
2,670 |
|
|
|
61,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,694 |
|
|
|
|
|
|
|
|
|
|
Hong Kong0.7% |
|
|
|
|
|
K Wah International Holdings Ltd. |
|
|
103,197 |
|
|
|
57,603 |
|
|
|
|
|
|
|
|
|
|
|
|
India12.7% |
|
|
|
|
|
Amara Raja Batteries Ltd. |
|
|
8,193 |
|
|
|
83,143 |
|
Bajaj Holdings & Investment Ltd. |
|
|
317 |
|
|
|
15,135 |
|
Balrampur Chini Mills Ltd. |
|
|
19,910 |
|
|
|
51,157 |
|
Bata India Ltd. |
|
|
6,863 |
|
|
|
168,464 |
|
DCM Shriram Ltd. |
|
|
10,373 |
|
|
|
57,389 |
|
Godfrey Phillips India Ltd. |
|
|
1,778 |
|
|
|
31,700 |
|
Indraprastha Gas Ltd. (e) |
|
|
16,611 |
|
|
|
99,676 |
|
Manappuram Finance Ltd. |
|
|
28,463 |
|
|
|
70,775 |
|
Mphasis Ltd. |
|
|
5,603 |
|
|
|
72,394 |
|
NIIT Technologies Ltd. (e) |
|
|
2,705 |
|
|
|
60,252 |
|
Oil India Ltd. |
|
|
20,744 |
|
|
|
44,479 |
|
Oriental Bank of Commerce (e) |
|
|
32,917 |
|
|
|
24,017 |
|
PVR Ltd. |
|
|
4,618 |
|
|
|
122,887 |
|
REC Ltd. |
|
|
23,458 |
|
|
|
47,043 |
|
SRF Ltd. |
|
|
1,470 |
|
|
|
70,754 |
|
Strides Pharma Science Ltd. |
|
|
6,711 |
|
|
|
34,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,053,321 |
|
|
|
|
|
|
|
|
|
|
Indonesia1.9% |
|
|
|
|
|
Bukit Asam Tbk PT |
|
|
77,600 |
|
|
|
14,843 |
|
Media Nusantara Citra Tbk PT |
|
|
661,700 |
|
|
|
77,594 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Wijaya Karya Persero Tbk PT |
|
|
475,100 |
|
|
$
|
67,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
160,371 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)12.0% |
|
|
|
|
|
Cheil Worldwide, Inc. |
|
|
7,152 |
|
|
|
148,736 |
|
Daelim Industrial Co., Ltd. |
|
|
568 |
|
|
|
44,434 |
|
DB HiTek Co., Ltd. |
|
|
4,892 |
|
|
|
116,751 |
|
Fila Korea Ltd. |
|
|
2,282 |
|
|
|
104,273 |
|
Hyosung Corp. |
|
|
2,030 |
|
|
|
138,430 |
|
LF Corp. |
|
|
2,120 |
|
|
|
33,842 |
|
LG Innotek Co., Ltd. |
|
|
1,491 |
|
|
|
179,711 |
|
Macquarie Korea Infrastructure Fund |
|
|
9,520 |
|
|
|
95,492 |
|
Partron Co., Ltd. |
|
|
6,122 |
|
|
|
69,764 |
|
SK Networks Co., Ltd. |
|
|
7,946 |
|
|
|
40,748 |
|
Unid Co., Ltd. |
|
|
709 |
|
|
|
28,642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000,823 |
|
|
|
|
|
|
|
|
|
|
Mexico4.3% |
|
|
|
|
|
Fibra Uno Administracion S.A. de C.V. REIT |
|
|
127,500 |
|
|
|
197,513 |
|
Grupo Aeroportuario del Pacifico S.A.B de C.V., Class B |
|
|
8,200 |
|
|
|
97,437 |
|
Qualitas Controladora S.A.B. de C.V. |
|
|
14,700 |
|
|
|
61,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
356,681 |
|
|
|
|
|
|
|
|
|
|
Poland1.0% |
|
|
|
|
|
Dino Polska S.A. (a)(e) |
|
|
1,319 |
|
|
|
50,047 |
|
Energa S.A. (e) |
|
|
15,754 |
|
|
|
29,399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
79,446 |
|
|
|
|
|
|
|
|
|
|
Russian Federation1.3% |
|
|
|
|
|
Magnitogorsk Iron & Steel Works PJSC GDR |
|
|
8,289 |
|
|
|
71,783 |
|
PIK Group PJSC (c)(d)(e) |
|
|
5,562 |
|
|
|
35,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,643 |
|
|
|
|
|
|
|
|
|
|
South Africa4.2% |
|
|
|
|
|
Gold Fields Ltd. ADR |
|
|
27,625 |
|
|
|
182,325 |
|
Impala Platinum Holdings Ltd. (e) |
|
|
13,199 |
|
|
|
134,859 |
|
Telkom S.A. SOC Ltd. |
|
|
12,286 |
|
|
|
30,586 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
347,770 |
|
|
|
|
|
|
|
|
|
|
Taiwan25.1% |
|
|
|
|
|
Accton Technology Corp. |
|
|
12,000 |
|
|
|
67,362 |
|
Aten International Co., Ltd. |
|
|
13,000 |
|
|
|
37,522 |
|
BenQ Materials Corp. |
|
|
96,000 |
|
|
|
60,036 |
|
Bioteque Corp. |
|
|
29,000 |
|
|
|
126,193 |
|
Chipbond Technology Corp. |
|
|
67,000 |
|
|
|
150,567 |
|
ChipMOS Technologies, Inc. |
|
|
99,000 |
|
|
|
113,290 |
|
Darfon Electronics Corp. |
|
|
13,000 |
|
|
|
19,127 |
|
Farglory Land Development Co., Ltd. |
|
|
14,000 |
|
|
|
18,814 |
|
Formosa Advanced Technologies Co., Ltd. |
|
|
14,000 |
|
|
|
17,459 |
|
Greatek Electronics, Inc. |
|
|
12,000 |
|
|
|
19,159 |
|
Huaku Development Co., Ltd. |
|
|
22,000 |
|
|
|
67,992 |
|
ITE Technology, Inc. |
|
|
32,000 |
|
|
|
47,304 |
|
Lite-On Technology Corp. |
|
|
131,000 |
|
|
|
215,685 |
|
Novatek Microelectronics Corp. |
|
|
24,000 |
|
|
|
175,848 |
|
Radiant Opto-Electronics Corp. |
|
|
48,000 |
|
|
|
192,186 |
|
Sercomm Corp. |
|
|
65,000 |
|
|
|
168,687 |
|
Shinkong Synthetic Fibers Corp. |
|
|
57,000 |
|
|
|
22,895 |
|
Syncmold Enterprise Corp. |
|
|
35,250 |
|
|
|
107,123 |
|
Taiwan Surface Mounting Technology Corp. |
|
|
43,000 |
|
|
|
167,770 |
|
Tripod Technology Corp. |
|
|
49,000 |
|
|
|
205,663 |
|
Zhen Ding Technology Holding Ltd. |
|
|
18,000 |
|
|
|
86,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,087,047 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Emerging Markets Small-Cap Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Thailand4.4% |
|
|
|
|
|
Carabao Group PCL (c)(d) |
|
|
40,100 |
|
|
$
|
112,333 |
|
Home Product Center PCL (c)(d) |
|
|
47,800 |
|
|
|
25,493 |
|
KGI Securities Thailand PCL (c)(d) |
|
|
103,700 |
|
|
|
15,435 |
|
Quality Houses PCL (c)(d) |
|
|
1,198,700 |
|
|
|
102,360 |
|
Thanachart Capital PCL (c)(d) |
|
|
62,700 |
|
|
|
111,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
367,492 |
|
|
|
|
|
|
|
|
|
|
Turkey5.4% |
|
|
|
|
|
Anadolu Cam Sanayii AS |
|
|
41,070 |
|
|
|
30,087 |
|
Enerjisa Enerji AS (a) |
|
|
52,577 |
|
|
|
65,267 |
|
Soda Sanayii AS |
|
|
108,828 |
|
|
|
113,054 |
|
Torunlar Gayrimenkul Yatirim Ortakligi AS REIT (e) |
|
|
211,827 |
|
|
|
97,856 |
|
Trakya Cam Sanayii AS |
|
|
138,654 |
|
|
|
81,520 |
|
Vestel Elektronik Sanayi ve Ticaret AS (e) |
|
|
29,745 |
|
|
|
63,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
450,850 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$6,414,030) |
|
|
|
7,734,310 |
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK4.4% |
|
|
|
|
|
|
|
Brazil3.4% |
|
|
|
|
|
Azul S.A. (e) |
|
|
4,100 |
|
|
|
59,658 |
|
Cia de Transmissao de Energia Eletrica Paulista |
|
|
14,800 |
|
|
|
83,225 |
|
Cia Paranaense de Energia |
|
|
8,000 |
|
|
|
137,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
280,851 |
|
|
|
|
|
|
|
|
|
|
Russian Federation1.0% |
|
|
|
|
|
Surgutneftegas PJSC (c)(d) |
|
|
134,817 |
|
|
|
82,239 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$243,118) |
|
|
|
363,090 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$6,657,148) (b)97.5% |
|
|
|
8,097,400 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities2.5% |
|
|
|
211,115 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
8,308,515 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $115,314, representing 1.4% of net assets. |
(b) |
Securities with an aggregate value of $6,299,977, representing 75.8% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Fair-ValuedSecurities with an aggregate value of $485,591, representing 5.8% of net assets. |
(e) |
Non-income producing. |
Glossary:
ADRAmerican Depositary Receipt
GDRGlobal Depositary Receipt
REITReal Estate Investment Trust
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Semiconductors & Semiconductor Equipment |
|
|
12.0 |
% |
Electronic Equipment, Instruments & Components |
|
|
8.5 |
% |
Chemicals |
|
|
5.2 |
% |
Construction Materials |
|
|
4.7 |
% |
Metals & Mining |
|
|
4.7 |
% |
Insurance |
|
|
4.6 |
% |
Textiles, Apparel & Luxury Goods |
|
|
3.9 |
% |
Electric Utilities |
|
|
3.8 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
3.6 |
% |
Technology Hardware, Storage & Peripherals |
|
|
3.3 |
% |
Healthcare Providers & Services |
|
|
3.0 |
% |
Communications Equipment |
|
|
2.8 |
% |
Media |
|
|
2.7 |
% |
Oil, Gas & Consumable Fuels |
|
|
2.7 |
% |
Entertainment |
|
|
2.4 |
% |
Airlines |
|
|
2.1 |
% |
Household Durables |
|
|
2.0 |
% |
Transportation Infrastructure |
|
|
2.0 |
% |
Gas Utilities |
|
|
1.9 |
% |
Real Estate Management & Development |
|
|
1.7 |
% |
Banks |
|
|
1.6 |
% |
Machinery |
|
|
1.6 |
% |
Healthcare Equipment & Supplies |
|
|
1.5 |
% |
Consumer Finance |
|
|
1.5 |
% |
Construction & Engineering |
|
|
1.4 |
% |
Beverages |
|
|
1.3 |
% |
Pharmaceuticals |
|
|
1.2 |
% |
Capital Markets |
|
|
1.1 |
% |
Food Products |
|
|
1.1 |
% |
Electrical Equipment |
|
|
1.0 |
% |
Building Products |
|
|
1.0 |
% |
Tobacco |
|
|
0.9 |
% |
Computers |
|
|
0.9 |
% |
Diversified Financial Services |
|
|
0.7 |
% |
IT Services |
|
|
0.7 |
% |
Food & Staples Retailing |
|
|
0.6 |
% |
Trading Companies & Distributors |
|
|
0.5 |
% |
Diversified Telecommunication Services |
|
|
0.4 |
% |
Containers & Packaging |
|
|
0.4 |
% |
Specialty Retail |
|
|
0.3 |
% |
Independent Power Producers & Energy Traders |
|
|
0.2 |
% |
Other assets less liabilities |
|
|
2.5 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Emerging Markets SRI Debt Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
SOVEREIGN DEBT OBLIGATIONS85.9% |
|
|
|
|
Argentina2.0% |
|
|
|
|
|
|
|
|
Argentine Republic Government International Bond, |
|
|
|
|
|
|
|
|
3.75%, 12/31/38 |
|
$ |
400 |
|
|
$ |
196,000 |
|
6.875%, 1/11/48 |
|
|
400 |
|
|
|
191,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
387,369 |
|
|
|
|
|
|
|
|
|
|
Azerbaijan1.7% |
|
|
|
|
|
|
|
|
Republic of Azerbaijan International Bond, |
|
|
|
|
|
|
|
|
3.50%, 9/1/32 |
|
|
350 |
|
|
|
344,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Belarus2.2% |
|
|
|
|
|
|
|
|
Republic of Belarus International Bond (a)(b), |
|
|
|
|
|
|
|
|
6.20%, 2/28/30 |
|
|
400 |
|
|
|
426,239 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil6.6% |
|
|
|
|
|
|
|
|
Brazilian Government International Bond, |
|
|
|
|
|
|
|
|
2.625%, 1/5/23 |
|
|
950 |
|
|
|
951,885 |
|
5.625%, 2/21/47 |
|
|
300 |
|
|
|
339,656 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,291,541 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Colombia2.6% |
|
|
|
|
|
|
|
|
Colombia Government International Bond, |
|
|
|
|
|
|
|
|
3.875%, 4/25/27 |
|
|
485 |
|
|
|
513,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Costa Rica2.1% |
|
|
|
|
|
|
|
|
Costa Rica Government International Bond, |
|
|
|
|
|
|
|
|
4.25%, 1/26/23 |
|
|
200 |
|
|
|
201,750 |
|
6.125%, 2/19/31 (a)(b) |
|
|
200 |
|
|
|
213,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
415,160 |
|
|
|
|
|
|
|
|
|
|
Dominican Republic2.8% |
|
|
|
|
|
|
|
|
Dominican Republic International Bond, |
|
|
|
|
|
|
|
|
5.95%, 1/25/27 |
|
|
300 |
|
|
|
331,938 |
|
6.50%, 2/15/48 |
|
|
200 |
|
|
|
221,385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
553,323 |
|
|
|
|
|
|
|
|
|
|
Ecuador3.5% |
|
|
|
|
|
|
|
|
Ecuador Government International Bond, |
|
|
|
|
|
|
|
|
7.875%, 1/23/28 |
|
|
300 |
|
|
|
267,879 |
|
9.50%, 3/27/30 (a)(b) |
|
|
250 |
|
|
|
234,097 |
|
9.50%, 3/27/30 |
|
|
200 |
|
|
|
187,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
689,254 |
|
|
|
|
|
|
|
|
|
|
Egypt4.7% |
|
|
|
|
|
|
|
|
Egypt Government International Bond, |
|
|
|
|
|
|
|
|
4.55%, 11/20/23 (a)(b) |
|
|
200 |
|
|
|
204,593 |
|
7.053%, 1/15/32 (a)(b) |
|
|
200 |
|
|
|
210,019 |
|
8.50%, 1/31/47 |
|
|
450 |
|
|
|
501,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
915,616 |
|
|
|
|
|
|
|
|
|
|
El Salvador1.8% |
|
|
|
|
|
|
|
|
El Salvador Government International Bond, |
|
|
|
|
|
|
|
|
6.375%, 1/18/27 |
|
|
325 |
|
|
|
347,334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Hungary2.8% |
|
|
|
|
|
|
|
|
Hungary Government International Bond, |
|
|
|
|
|
|
|
|
5.375%, 3/25/24 |
|
|
350 |
|
|
|
394,888 |
|
7.625%, 3/29/41 |
|
|
100 |
|
|
|
165,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
560,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Indonesia2.6% |
|
|
|
|
|
|
|
|
Indonesia Government International Bond, |
|
|
|
|
|
|
|
|
3.50%, 1/11/28 |
|
$
|
200 |
|
|
$
|
209,166 |
|
5.25%, 1/8/47 |
|
|
250 |
|
|
|
307,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
516,381 |
|
|
|
|
|
|
|
|
|
|
Jamaica2.7% |
|
|
|
|
|
|
|
|
Jamaica Government International Bond, |
|
|
|
|
|
|
|
|
6.75%, 4/28/28 |
|
|
225 |
|
|
|
267,711 |
|
7.875%, 7/28/45 |
|
|
200 |
|
|
|
270,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
538,511 |
|
|
|
|
|
|
|
|
|
|
Kazakhstan6.1% |
|
|
|
|
|
|
|
|
Kazakhstan Government International Bond, |
|
|
|
|
|
|
|
|
4.875%, 10/14/44 |
|
|
500 |
|
|
|
618,975 |
|
5.125%, 7/21/25 |
|
|
500 |
|
|
|
575,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,194,325 |
|
|
|
|
|
|
|
|
|
|
Kenya1.1% |
|
|
|
|
|
|
|
|
Kenya Government International Bond (a)(b), |
|
|
|
|
|
|
|
|
8.00%, 5/22/32 |
|
|
200 |
|
|
|
218,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)1.0% |
|
|
|
|
|
|
|
|
Korea International Bond, |
|
|
|
|
|
|
|
|
2.50%, 6/19/29 |
|
|
200 |
|
|
|
202,615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Malaysia1.3% |
|
|
|
|
|
|
|
|
Malaysia Sukuk Global Bhd, |
|
|
|
|
|
|
|
|
3.179%, 4/27/26 |
|
|
250 |
|
|
|
259,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mexico3.4% |
|
|
|
|
|
|
|
|
Mexico Government International Bond, |
|
|
|
|
|
|
|
|
4.50%, 4/22/29 |
|
|
550 |
|
|
|
604,765 |
|
5.75%, 10/12/10 |
|
|
50 |
|
|
|
59,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
664,051 |
|
|
|
|
|
|
|
|
|
|
Morocco2.1% |
|
|
|
|
|
|
|
|
Morocco Government International Bond, |
|
|
|
|
|
|
|
|
1.50%, 11/27/31 (a)(b) |
|
|
150 |
|
|
|
168,598 |
|
5.50%, 12/11/42 |
|
$ |
200 |
|
|
|
245,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
414,445 |
|
|
|
|
|
|
|
|
|
|
Panama4.2% |
|
|
|
|
|
|
|
|
Panama Government International Bond, |
|
|
|
|
|
|
|
|
3.16%, 1/23/30 |
|
|
600 |
|
|
|
619,050 |
|
3.87%, 7/23/60 |
|
|
200 |
|
|
|
215,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
834,730 |
|
|
|
|
|
|
|
|
|
|
Paraguay1.2% |
|
|
|
|
|
|
|
|
Paraguay Government International Bond, |
|
|
|
|
|
|
|
|
5.40%, 3/30/50 |
|
|
200 |
|
|
|
229,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Philippines4.4% |
|
|
|
|
|
|
|
|
Philippine Government International Bond, |
|
|
|
|
|
|
|
|
3.95%, 1/20/40 |
|
|
750 |
|
|
|
862,759 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Poland3.5% |
|
|
|
|
|
|
|
|
Republic of Poland Government International Bond, |
|
|
|
|
|
|
|
|
3.00%, 3/17/23 |
|
|
250 |
|
|
|
258,023 |
|
3.25%, 4/6/26 |
|
|
400 |
|
|
|
424,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
683,009 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Emerging Markets SRI Debt Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Romania0.3% |
|
|
|
|
|
|
|
|
Romanian Government International Bond, |
|
|
|
|
|
|
|
|
6.125%, 1/22/44 |
|
$
|
50 |
|
|
$
|
64,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Russian Federation2.2% |
|
|
|
|
|
|
|
|
Russian Federal BondOFZ, |
|
|
|
|
|
|
|
|
7.05%, 1/19/28 |
|
RUB |
24,900 |
|
|
|
423,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
South Africa3.2% |
|
|
|
|
|
|
|
|
Republic of South Africa Government International Bond, |
|
|
|
|
|
|
|
|
4.30%, 10/12/28 |
|
$ |
450 |
|
|
|
442,156 |
|
5.75%, 9/30/49 |
|
|
200 |
|
|
|
195,094 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
637,250 |
|
|
|
|
|
|
|
|
|
|
Ukraine4.7% |
|
|
|
|
|
|
|
|
Ukraine Government International Bond, |
|
|
|
|
|
|
|
|
7.75%, 9/1/23 (a)(b) |
|
|
200 |
|
|
|
217,633 |
|
7.75%, 9/1/27 |
|
|
650 |
|
|
|
712,770 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
930,403 |
|
|
|
|
|
|
|
|
|
|
United Arab Emirates2.5% |
|
|
|
|
|
Abu Dhabi Government International Bond (a)(b), |
|
|
|
|
|
|
|
|
3.125%, 9/30/49 |
|
|
500 |
|
|
|
488,351 |
|
|
|
|
|
|
|
|
|
|
|
|
Uruguay5.2% |
|
|
|
|
|
Uruguay Government International Bond, |
|
|
|
|
|
|
|
|
4.375%, 10/27/27 |
|
|
600 |
|
|
|
663,065 |
|
5.10%, 6/18/50 |
|
|
300 |
|
|
|
361,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,024,202 |
|
|
|
|
|
|
|
|
|
|
Vietnam1.4% |
|
|
|
|
|
Vietnam Government International Bond, |
|
|
|
|
|
|
|
|
4.80%, 11/19/24 |
|
|
250 |
|
|
|
273,948 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Sovereign Debt Obligations (cost$16,238,343) |
|
|
|
16,905,919 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
U.S. TREASURY OBLIGATIONS9.7% |
|
|
|
|
|
|
|
|
U.S. Treasury Notes,
1.50%, 11/30/21 |
|
$
|
1,150 |
|
|
$
|
1,148,293 |
|
2.00%, 2/15/25 |
|
|
750 |
|
|
|
760,781 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$1,906,712) |
|
|
|
1,909,074 |
|
|
|
|
|
|
|
|
|
|
|
CORPORATE BONDS & NOTES2.6% |
|
|
|
Chile1.6% |
|
|
|
|
|
Corp. Nacional del Cobre de Chile, |
|
|
|
|
|
|
|
|
3.625%, 8/1/27 |
|
|
300 |
|
|
|
312,991 |
|
|
|
|
|
|
|
|
|
|
|
|
Colombia1.0% |
|
|
|
|
|
Promigas S.A. ESP (a)(b), |
|
|
|
|
|
|
|
|
3.75%, 10/16/29 |
|
|
200 |
|
|
|
202,322 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$486,488) |
|
|
|
515,313 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$18,631,543)98.2% |
|
|
|
19,330,306 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (c)1.8% |
|
|
|
348,533 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
19,678,839 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $2,583,716,
representing 13.1% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $2,583,716, representing 13.1% of net assets.
|
(c) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
U.S. Long Bond |
|
|
4 |
|
|
|
3/20/20 |
|
|
$ |
400 |
|
|
$ |
624 |
|
|
$ |
(12,031 |
) |
Ultra U.S. Treasury Bond |
|
|
4 |
|
|
|
3/20/20 |
|
|
|
400 |
|
|
|
726 |
|
|
|
(20,500 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(32,531 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year U.S. Treasury Note |
|
|
(7 |
) |
|
|
3/20/20 |
|
|
$ |
(700 |
) |
|
$ |
(899 |
) |
|
$ |
7,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(24,602 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Emerging Markets SRI Debt Fund
December 31, 2019 (unaudited) (continued)
Forward foreign currency contracts outstanding at
December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
U.S.$ Value on Origination Date |
|
|
U.S.$ Value December 31, 2019 |
|
|
Unrealized Appreciation |
|
|
Unrealized Depreciation |
|
Purchased: |
|
10,586,838 Japanese Yen settling 3/18/20 |
|
State Street Bank and Trust Co. |
|
$ |
97,920 |
|
|
$ |
97,821 |
|
|
$ |
|
|
|
$ |
(99 |
) |
1,250,000 Russian Ruble settling 1/15/20 |
|
State Street Bank and Trust Co. |
|
|
19,335 |
|
|
|
20,125 |
|
|
|
790 |
|
|
|
|
|
711,000 Singapore Dollar settling 1/15/20 |
|
State Street Bank and Trust Co. |
|
|
524,398 |
|
|
|
528,680 |
|
|
|
4,282 |
|
|
|
|
|
Sold: |
|
67,988 Euro settling 3/18/20 |
|
State Street Bank and Trust Co. |
|
|
75,769 |
|
|
|
76,620 |
|
|
|
|
|
|
|
(851 |
) |
27,055,066 Russian Ruble settling 1/15/20 |
|
JPMorgan Chase |
|
|
411,549 |
|
|
|
435,590 |
|
|
|
|
|
|
|
(24,041 |
) |
1,400,000 Singapore Dollar settling 1/15/20 |
|
JPMorgan Chase |
|
|
1,015,910 |
|
|
|
1,041,001 |
|
|
|
|
|
|
|
(25,091 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,072 |
|
|
$ |
(50,082 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d) |
At December 31, 2019, the Fund pledged $22,526 in cash as collateral for futures contracts. |
Glossary:
Euro
RUBRussian Ruble
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Sovereign Debt Obligations |
|
|
85.9 |
% |
U.S. Treasury Obligations |
|
|
9.7 |
% |
Mining |
|
|
1.6 |
% |
Oil, Gas & Consumable Fuels |
|
|
1.0 |
% |
Other assets less liabilities |
|
|
1.8 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Floating Rate Note Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
CORPORATE BONDS & NOTES78.5% |
|
|
|
|
|
|
|
Apparel & Textiles0.4% |
|
|
|
|
|
Hanesbrands, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.625%, 5/15/24 |
|
$ |
50 |
|
|
$ |
52,833 |
|
|
|
|
|
|
|
|
|
|
|
|
Auto Manufacturers2.6% |
|
|
|
|
|
Daimler Finance North America LLC, 3 mo. LIBOR + 0.840% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.742%, 5/4/23 |
|
|
250 |
|
|
|
251,148 |
|
General Motors Financial Co., Inc., 3 mo. LIBOR + 1.310% (c), |
|
|
|
|
|
|
|
|
3.271%, 6/30/22 |
|
|
100 |
|
|
|
100,826 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
351,974 |
|
|
|
|
|
|
|
|
|
|
Banks35.9% |
|
|
|
|
|
AIB Group PLC, |
|
|
|
|
|
|
|
|
1.25%, 5/28/24 |
|
|
100 |
|
|
|
115,474 |
|
Banco Santander S.A, 3 mo. EURIBOR + 1.000% (c), |
|
|
|
|
|
|
|
|
0.575%, 1/5/23 |
|
|
200 |
|
|
|
226,407 |
|
Bank of America Corp. (c), |
|
|
|
|
|
|
|
|
3 mo. LIBOR + 0.760%, 2.654%, 9/15/26 |
|
$ |
200 |
|
|
|
196,451 |
|
3 mo. LIBOR + 0.960%, 2.894%, 7/23/24 |
|
|
40 |
|
|
|
40,524 |
|
BPCE S.A., 3 mo. LIBOR + 1.240% (c), |
|
|
|
|
|
|
|
|
3.127%, 9/12/23 |
|
|
250 |
|
|
|
253,859 |
|
Canadian Imperial Bank of Commerce, SOFR + 0.800% (c), |
|
|
|
|
|
|
|
|
2.341%, 3/17/23 |
|
|
150 |
|
|
|
150,559 |
|
CIT Group, Inc., |
|
|
|
|
|
|
|
|
5.00%, 8/1/23 |
|
|
50 |
|
|
|
53,979 |
|
Citigroup, Inc., 3 mo. LIBOR + 1.430% (c), |
|
|
|
|
|
|
|
|
3.337%, 9/1/23 |
|
|
250 |
|
|
|
257,278 |
|
Cooperatieve Rabobank UA, 3 mo. LIBOR + 0.860% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.807%, 9/26/23 |
|
|
250 |
|
|
|
251,490 |
|
Credit Agricole S.A., 3 mo. LIBOR + 1.020% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.956%, 4/24/23 |
|
|
250 |
|
|
|
252,563 |
|
Goldman Sachs Group, Inc., 3 mo. EURIBOR + 0.620% (c), |
|
|
|
|
|
|
|
|
0.221%, 9/26/23 |
|
|
200 |
|
|
|
225,145 |
|
HSBC Holdings PLC, 3 mo. EURIBOR + 0.500% (c), |
|
|
|
|
|
|
|
|
0.075%, 10/5/23 |
|
|
200 |
|
|
|
224,392 |
|
Industrial & Commercial Bank of China Ltd., 3 mo. LIBOR + 0.850% (c), |
|
|
|
|
|
|
|
|
2.851%, 4/16/23 |
|
$ |
250 |
|
|
|
250,749 |
|
ING Groep NV, 3 mo. LIBOR + 1.000% (c), |
|
|
|
|
|
|
|
|
2.909%, 10/2/23 |
|
|
250 |
|
|
|
252,509 |
|
JPMorgan Chase & Co. (c), |
|
|
|
|
|
|
|
|
3 mo. LIBOR + 0.890%, 2.824%, 7/23/24 |
|
|
40 |
|
|
|
40,422 |
|
3 mo. LIBOR + 1.230%, 3.166%, 10/24/23 |
|
|
200 |
|
|
|
204,978 |
|
Morgan Stanley, 3 mo. LIBOR + 1.400% (c), |
|
|
|
|
|
|
|
|
3.336%, 10/24/23 |
|
|
200 |
|
|
|
204,358 |
|
Nordea Bank Abp, 3 mo. LIBOR + 0.940% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.854%, 8/30/23 |
|
|
200 |
|
|
|
199,609 |
|
QNB Finance Ltd., 3 mo. LIBOR + 1.300% (c), |
|
|
|
|
|
|
|
|
3.187%, 3/12/24 |
|
|
200 |
|
|
|
201,250 |
|
Royal Bank of Scotland Group PLC, 3 mo. LIBOR + 1.470% (c), |
|
|
|
|
|
|
|
|
3.38%, 5/15/23 |
|
|
200 |
|
|
|
203,075 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Santander UK Group Holdings PLC, 3 mo. EURIBOR + 0.850% (c), |
|
|
|
|
|
|
|
|
0.451%, 3/27/24 |
|
|
100 |
|
|
$
|
112,600 |
|
Skandinaviska Enskilda Banken AB, 3 mo. LIBOR + 0.645% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.532%, 12/12/22 |
|
$ |
200 |
|
|
|
200,977 |
|
Standard Chartered PLC, 3 mo. LIBOR + 1.200% (a)(b)(c), |
|
|
|
|
|
|
|
|
3.091%, 9/10/22 |
|
|
200 |
|
|
|
202,543 |
|
UBS Group AG, 3 mo. LIBOR + 0.950% (c), |
|
|
|
|
|
|
|
|
2.86%, 8/15/23 |
|
|
250 |
|
|
|
252,802 |
|
Wells Fargo & Co., 3 mo. LIBOR + 1.230% (c), |
|
|
|
|
|
|
|
|
3.157%, 10/31/23 |
|
|
200 |
|
|
|
204,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,778,665 |
|
|
|
|
|
|
|
|
|
|
Chemicals0.8% |
|
|
|
|
|
DuPont de Nemours, Inc., 3 mo. LIBOR + 1.110% (c), |
|
|
|
|
|
|
|
|
3.02%, 11/15/23 |
|
|
100 |
|
|
|
101,990 |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Services0.8% |
|
|
|
|
|
IHS Markit Ltd. (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 11/1/22 |
|
|
100 |
|
|
|
106,796 |
|
|
|
|
|
|
|
|
|
|
|
|
Computers0.4% |
|
|
|
|
|
Seagate HDD Cayman, |
|
|
|
|
|
|
|
|
4.875%, 3/1/24 |
|
|
50 |
|
|
|
53,304 |
|
|
|
|
|
|
|
|
|
|
|
|
Containers & Packaging2.1% |
|
|
|
|
|
Ball Corp., |
|
|
|
|
|
|
|
|
4.00%, 11/15/23 |
|
|
50 |
|
|
|
52,624 |
|
Crown European Holdings S.A, |
|
|
|
|
|
|
|
|
4.00%, 7/15/22 |
|
|
100 |
|
|
|
121,234 |
|
Reynolds Group Issuer, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.125%, 7/15/23 |
|
$ |
50 |
|
|
|
51,292 |
|
3 mo. LIBOR + 3.500%, 5.501%, 7/15/21 (c) |
|
|
50 |
|
|
|
50,175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
275,325 |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services4.6% |
|
|
|
|
|
Avolon Holdings Funding Ltd. (a)(b), |
|
|
|
|
|
|
|
|
5.125%, 10/1/23 |
|
|
50 |
|
|
|
53,890 |
|
Capital One Financial Corp., 3 mo. LIBOR + 0.720% (c), |
|
|
|
|
|
|
|
|
2.656%, 1/30/23 |
|
|
100 |
|
|
|
100,177 |
|
ICBCIL Finance Co., Ltd., 3 mo. LIBOR + 0.950% (c), |
|
|
|
|
|
|
|
|
2.86%, 5/15/21 |
|
|
200 |
|
|
|
200,116 |
|
International Lease Finance Corp., |
|
|
|
|
|
|
|
|
5.875%, 8/15/22 |
|
|
100 |
|
|
|
108,877 |
|
Navient Corp., |
|
|
|
|
|
|
|
|
5.50%, 1/25/23 |
|
|
50 |
|
|
|
53,500 |
|
Synchrony Financial, |
|
|
|
|
|
|
|
|
2.85%, 7/25/22 |
|
|
100 |
|
|
|
101,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
617,909 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities2.8% |
|
|
|
|
|
Edison International, |
|
|
|
|
|
|
|
|
3.55%, 11/15/24 |
|
|
100 |
|
|
|
101,622 |
|
NextEra Energy Operating Partners L.P. (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 9/15/24 |
|
|
50 |
|
|
|
52,104 |
|
Perusahaan Listrik Negara PT, |
|
|
|
|
|
|
|
|
5.50%, 11/22/21 |
|
|
200 |
|
|
|
212,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
365,812 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Floating Rate Note Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Energy-Alternate Sources0.4% |
|
|
|
|
|
TerraForm Power Operating LLC (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 1/31/23 |
|
$ |
50 |
|
|
$
|
51,598 |
|
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)2.6% |
|
CyrusOne L.P., |
|
|
|
|
|
|
|
|
2.90%, 11/15/24 |
|
|
100 |
|
|
|
100,569 |
|
Digital Stout Holding LLC, |
|
|
|
|
|
|
|
|
4.75%, 10/13/23 |
|
£ |
100 |
|
|
|
147,308 |
|
Equinix, Inc., |
|
|
|
|
|
|
|
|
2.625%, 11/18/24 |
|
$ |
100 |
|
|
|
100,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
348,371 |
|
|
|
|
|
|
|
|
|
|
Food & Beverage0.9% |
|
|
|
|
|
Albertsons Cos., Inc., |
|
|
|
|
|
|
|
|
6.625%, 6/15/24 |
|
|
50 |
|
|
|
52,458 |
|
Tesco PLC, |
|
|
|
|
|
|
|
|
6.125%, 2/24/22 |
|
£ |
50 |
|
|
|
72,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,308 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Products2.4% |
|
|
|
|
|
Becton Dickinson and Co., 3 mo. LIBOR + 1.030% (c), |
|
|
|
|
|
|
|
|
2.917%, 6/6/22 |
|
$ |
100 |
|
|
|
100,840 |
|
DH Europe Finance Sarl, 3 mo. EURIBOR + 0.300% (c), |
|
|
|
|
|
|
|
|
zero coupon, 6/30/22 |
|
|
200 |
|
|
|
224,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
325,437 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Services1.6% |
|
|
|
|
|
Centene Corp., |
|
|
|
|
|
|
|
|
4.75%, 5/15/22 |
|
$ |
50 |
|
|
|
51,143 |
|
HCA, Inc., |
|
|
|
|
|
|
|
|
7.50%, 2/15/22 |
|
|
50 |
|
|
|
55,339 |
|
Tenet Healthcare Corp., |
|
|
|
|
|
|
|
|
4.625%, 7/15/24 |
|
|
50 |
|
|
|
51,292 |
|
Universal Health Services, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 8/1/22 |
|
|
50 |
|
|
|
50,711 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
208,485 |
|
|
|
|
|
|
|
|
|
|
Home Builders0.8% |
|
|
|
|
|
Lennar Corp., |
|
|
|
|
|
|
|
|
4.50%, 4/30/24 |
|
|
100 |
|
|
|
105,833 |
|
|
|
|
|
|
|
|
|
|
|
|
Insurance2.2% |
|
|
|
|
|
Phoenix Group Holdings PLC, |
|
|
|
|
|
|
|
|
4.125%, 7/20/22 |
|
£ |
100 |
|
|
|
138,756 |
|
Society of Lloyds, |
|
|
|
|
|
|
|
|
4.75%, 10/30/24 |
|
|
100 |
|
|
|
147,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
286,406 |
|
|
|
|
|
|
|
|
|
|
Leisure Time0.4% |
|
|
|
|
|
NCL Corp., Ltd. (a)(b), |
|
|
|
|
|
|
|
|
3.625%, 12/15/24 |
|
$ |
50 |
|
|
|
50,813 |
|
|
|
|
|
|
|
|
|
|
|
|
Media1.2% |
|
|
|
|
|
Charter Communications Operating LLC, 3 mo. LIBOR + 1.650% (c), |
|
|
|
|
|
|
|
|
3.559%, 2/1/24 |
|
|
100 |
|
|
|
102,966 |
|
Sirius XM Radio, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.625%, 7/15/24 |
|
|
50 |
|
|
|
52,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155,570 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing1.5% |
|
|
|
|
|
General Electric Co., 3 mo. LIBOR + 1.000% (c), |
|
|
|
|
|
|
|
|
3.001%, 4/15/23 |
|
|
200 |
|
|
|
200,669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Oil, Gas & Consumable Fuels0.8% |
|
|
|
|
|
Petrobras Global Finance BV, |
|
|
|
|
|
|
|
|
6.25%, 3/17/24 |
|
$ |
50 |
|
|
$
|
56,136 |
|
Sunoco L.P., |
|
|
|
|
|
|
|
|
4.875%, 1/15/23 |
|
|
50 |
|
|
|
51,272 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,408 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals3.0% |
|
|
|
|
|
AbbVie, Inc., 3 mo. USD-LIBOR-BBA + .650%
(a)(b)(c), |
|
|
|
|
|
|
|
|
2.545%, 11/21/22 |
|
|
100 |
|
|
|
100,506 |
|
Bayer U.S. Finance II LLC, 3 mo. USD-LIBOR-BBA +
1.010% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.904%, 12/15/23 |
|
|
200 |
|
|
|
201,347 |
|
Cigna Corp., 3 mo. LIBOR + 0.890% (c), |
|
|
|
|
|
|
|
|
2.891%, 7/15/23 |
|
|
100 |
|
|
|
100,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
402,339 |
|
|
|
|
|
|
|
|
|
|
Pipelines3.1% |
|
|
|
|
|
DCP Midstream Operating L.P., |
|
|
|
|
|
|
|
|
3.875%, 3/15/23 |
|
|
50 |
|
|
|
51,250 |
|
Energy Transfer Operating L.P., |
|
|
|
|
|
|
|
|
4.25%, 3/15/23 |
|
|
100 |
|
|
|
104,591 |
|
Kinder Morgan, Inc., 3 mo. LIBOR + 1.280% (c), |
|
|
|
|
|
|
|
|
3.281%, 1/15/23 |
|
|
100 |
|
|
|
101,292 |
|
MPLX L.P., 3 mo. LIBOR + 1.100% (c), |
|
|
|
|
|
|
|
|
2.985%, 9/9/22 |
|
|
100 |
|
|
|
101,297 |
|
NGPL PipeCo LLC (a)(b), |
|
|
|
|
|
|
|
|
4.375%, 8/15/22 |
|
|
50 |
|
|
|
51,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
410,278 |
|
|
|
|
|
|
|
|
|
|
Real Estate0.8% |
|
|
|
|
|
Vonovia Finance BV, 3 mo. EURIBOR + 0.450% (c), |
|
|
|
|
|
|
|
|
0.052%, 12/22/22 |
|
|
100 |
|
|
|
112,422 |
|
|
|
|
|
|
|
|
|
|
|
|
Retail1.2% |
|
|
|
|
|
1011778 BC ULC (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 5/15/24 |
|
$ |
50 |
|
|
|
51,354 |
|
Dollar Tree, Inc., |
|
|
|
|
|
|
|
|
3.70%, 5/15/23 |
|
|
100 |
|
|
|
104,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155,517 |
|
|
|
|
|
|
|
|
|
|
Semiconductors0.4% |
|
|
|
|
|
Broadcom Corp., |
|
|
|
|
|
|
|
|
3.625%, 1/15/24 |
|
|
50 |
|
|
|
51,795 |
|
|
|
|
|
|
|
|
|
|
|
|
Software0.9% |
|
|
|
|
|
Fidelity National Information Services, Inc., |
|
|
|
|
|
|
|
|
0.75%, 5/21/23 |
|
|
100 |
|
|
|
114,559 |
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications2.4% |
|
|
|
|
|
AT&T, Inc., 3 mo. EURIBOR + 0.850% (c), |
|
|
|
|
|
|
|
|
0.45%, 9/5/23 |
|
|
100 |
|
|
|
113,910 |
|
Verizon Communications, Inc., 3 mo. LIBOR + 1.100% (c), |
|
|
|
|
|
|
|
|
3.01%, 5/15/25 |
|
$ |
200 |
|
|
|
204,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
318,785 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Floating Rate Note Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Transportation1.5% |
|
|
|
|
|
Aviation Capital Group LLC, 3 mo. LIBOR + 0.670% (a)(b)(c), |
|
|
|
|
|
|
|
|
2.606%, 7/30/21 |
|
$ |
200 |
|
|
$
|
200,054 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$10,312,273) |
|
|
|
10,436,255 |
|
|
|
|
|
|
|
|
|
|
|
MORTGAGE-BACKED SECURITIES (c)12.9% |
|
280 Park Avenue Mortgage Trust, 1 mo. LIBOR + 0.880%, Series 2017-280P, Class A (b), |
|
|
|
|
|
|
|
|
2.62%, 9/15/34 |
|
|
200 |
|
|
|
200,253 |
|
BHMS, 1 mo. LIBOR + 1.250%, Series 2018-ATLS, Class A (a)(b), |
|
|
|
|
|
|
|
|
2.99%, 7/15/35 |
|
|
100 |
|
|
|
100,067 |
|
BX Commercial Mortgage Trust (a)(b), 1 mo. LIBOR + 0.671%, 2.411%, 3/15/37, Series 2018-BIOA,
Class A |
|
|
150 |
|
|
|
149,797 |
|
1 mo. LIBOR + 0.750%, 2.49%, 11/15/35, Series 2018-IND, Class A |
|
|
114 |
|
|
|
114,154 |
|
1 mo. LIBOR + 0.900%, 2.64%, 11/15/35, Series 2018-IND, Class B |
|
|
70 |
|
|
|
70,022 |
|
BX Commercial Mortgage Trust 2019-XL, 1 mo. USD-LIBOR-BBA + .920% (a)(b), |
|
|
|
|
|
|
|
|
2.66%, 10/15/36 |
|
|
250 |
|
|
|
250,504 |
|
BX Trust, 1 mo. LIBOR + 0.800%, Series 2018-BILT, Class A (a)(b), |
|
|
|
|
|
|
|
|
2.54%, 5/15/30 |
|
|
100 |
|
|
|
99,835 |
|
CGDBB Commercial Mortgage Trust, 1 mo. LIBOR + 0.790%, Series 2017-BIOC, Class A (b), |
|
|
|
|
|
|
|
|
2.53%, 7/15/32 |
|
|
91 |
|
|
|
91,346 |
|
DBCG Mortgage Trust, 1 mo. LIBOR + 0.700%, Series 2017-BBG, Class A
(a)(b), |
|
|
|
|
|
|
|
|
2.44%, 6/15/34 |
|
|
200 |
|
|
|
199,791 |
|
Dutch Property Finance BV, 3 mo. EURIBOR + 0.680%, Series 2017-1,
Class A, |
|
|
|
|
|
|
|
|
0.276%, 1/28/48 |
|
|
134 |
|
|
|
151,552 |
|
Morgan Stanley Capital I Trust 2017-CLS, 1 mo. USD-LIBOR-BBA + .700% (b), |
|
|
|
|
|
|
|
|
2.44%, 11/15/34 |
|
$ |
150 |
|
|
|
149,763 |
|
Motel 6 Trust, 1 mo. LIBOR + 0.920%, Series 2017-MTL6, Class A (b), |
|
|
|
|
|
|
|
|
2.66%, 8/15/34 |
|
|
137 |
|
|
|
137,273 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities (cost$1,721,753) |
|
|
|
1,714,357 |
|
|
|
|
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITIES (b) 5.2% |
|
|
|
|
|
|
|
|
DB Master Finance LLC, Series 2019-1A Class A2I (a), |
|
|
|
|
|
|
|
|
3.787%, 5/20/49 |
|
|
100 |
|
|
|
101,892 |
|
Dominos Pizza Master Issuer LLC, 3 mo. LIBOR + 1.250%, Series 2017-1A
Class A2I (a)(c), |
|
|
|
|
|
|
|
|
3.19%, 7/25/47 |
|
|
98 |
|
|
|
98,295 |
|
Invitation Homes Trust (a)(c), 1 mo. LIBOR + 0.850%, 2.587%, 12/17/36, Series 2017-SFR2, Class A |
|
|
93 |
|
|
|
93,050 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
1 mo. LIBOR + 0.900%, 2.64%, 6/17/37, Series 2018-SFR2, Class A |
|
$ |
90 |
|
|
$
|
89,999 |
|
Taco Bell Funding LLC, Series 2018-1A Class A2I (a), |
|
|
|
|
|
|
|
|
4.318%, 11/25/48 |
|
|
99 |
|
|
|
101,419 |
|
Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, |
|
|
|
|
|
|
|
|
4.072%, 2/16/43 |
|
|
196 |
|
|
|
202,514 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities (cost$680,356) |
|
|
|
687,169 |
|
|
|
|
|
|
|
|
|
|
|
|
SOVEREIGN DEBT OBLIGATIONS1.5% |
|
|
|
|
|
|
|
Colombia1.5% |
|
|
|
|
|
|
|
|
Colombia Government International Bond, |
|
|
|
|
|
|
|
|
2.625%, 3/15/23 (cost$194,650) |
|
|
200 |
|
|
|
201,286 |
|
|
|
|
|
|
|
|
|
|
|
U.S. GOVERNMENT AGENCY SECURITIES0.3% |
|
|
|
|
Fannie Mae, MBS, 1 mo. USD-LIBOR-BBA + 3.000%, Series 2014-C03, Class 1M2, CMO (c), |
|
|
|
|
|
|
|
|
4.792%, 7/25/24 (cost$40,241) |
|
|
38 |
|
|
|
39,870 |
|
|
|
|
|
|
|
|
|
|
|
Repurchase Agreements1.3% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $179,002; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $187,078 including accrued interest (cost$179,000) |
|
|
179 |
|
|
|
179,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$13,128,273)99.7% |
|
|
|
|
|
|
13,257,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (d)0.3% |
|
|
|
|
|
|
41,818 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
|
|
|
$ |
13,299,755 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $4,005,080,
representing 30.1% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $4,786,229, representing 36.0% of net assets. |
(c) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
Schedule of Investments
AllianzGI Floating Rate Note Fund
December 31, 2019 (unaudited) (continued)
(d) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
2 |
|
|
|
3/31/20 |
|
|
$ |
400 |
|
|
$ |
431 |
|
|
$ |
(406 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
5-Year U.S. Treasury Note |
|
|
(17 |
) |
|
|
3/31/20 |
|
|
$ |
(1,700 |
) |
|
$ |
(2,016 |
) |
|
$ |
7,617 |
|
Euro-Bobl |
|
|
(1 |
) |
|
|
3/6/20 |
|
|
EUR |
(100 |
) |
|
|
(150 |
) |
|
|
897 |
|
Euro-Schatz |
|
|
(5 |
) |
|
|
3/6/20 |
|
|
|
(500 |
) |
|
|
(628 |
) |
|
|
477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward foreign currency contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
|
U.S.$ Value on Origination Date |
|
|
U.S.$ Value December 31, 2019 |
|
|
Unrealized Appreciation |
|
|
Unrealized Depreciation |
|
Purchased: |
|
200,515 Euro settling 3/18/20 |
|
|
Citibank N.A. |
|
|
$ |
224,103 |
|
|
$ |
225,974 |
|
|
$ |
1,871 |
|
|
$ |
|
|
Sold: |
|
379,453 British Pound settling 3/18/20 |
|
|
Citibank N.A. |
|
|
|
499,738 |
|
|
|
503,660 |
|
|
|
|
|
|
|
(3,922 |
) |
1,719,818 Euro settling 3/18/20 |
|
|
Citibank N.A. |
|
|
|
1,920,832 |
|
|
|
1,938,180 |
|
|
|
|
|
|
|
(17,348 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,871 |
|
|
$ |
(21,270 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
At December 31, 2019, the Fund pledged $14,215 in cash as collateral for futures contracts. |
Glossary:
BBABritish
Bankers Association
£British Pound
CMOCollateralized Mortgage Obligation
EUR/Euro
EURIBOREuro Inter-Bank Offered Rate
LIBORLondon Inter-Bank Offered Rate
MBSMortgage-Backed Securities
REITReal Estate Investment Trust
SOFRSecured Overnight Financing Rate
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK29.5% |
|
|
|
|
|
|
|
Australia0.5% |
|
|
|
|
|
Aristocrat Leisure Ltd. |
|
|
1,230 |
|
|
$ |
29,064 |
|
BHP Group Ltd. |
|
|
2,163 |
|
|
|
59,228 |
|
Bingo Industries Ltd. |
|
|
11,820 |
|
|
|
23,594 |
|
BlueScope Steel Ltd. |
|
|
2,355 |
|
|
|
24,943 |
|
Bravura Solutions Ltd. |
|
|
4,226 |
|
|
|
15,402 |
|
Brickworks Ltd. |
|
|
1,877 |
|
|
|
24,607 |
|
Computershare Ltd. |
|
|
2,095 |
|
|
|
24,700 |
|
CSL Ltd. |
|
|
392 |
|
|
|
76,002 |
|
Flight Centre Travel Group Ltd. |
|
|
801 |
|
|
|
24,775 |
|
Macquarie Group Ltd. |
|
|
575 |
|
|
|
55,685 |
|
National Australia Bank Ltd. |
|
|
2,356 |
|
|
|
40,768 |
|
Newcrest Mining Ltd. |
|
|
2,060 |
|
|
|
43,505 |
|
Regis Resources Ltd. |
|
|
7,776 |
|
|
|
23,528 |
|
Rio Tinto Ltd. |
|
|
410 |
|
|
|
29,008 |
|
Saracen Mineral Holdings Ltd. (k) |
|
|
10,262 |
|
|
|
23,798 |
|
Silver Lake Resources Ltd. (k) |
|
|
10,754 |
|
|
|
10,079 |
|
Sonic Healthcare Ltd. |
|
|
1,275 |
|
|
|
25,708 |
|
St. Barbara Ltd. |
|
|
6,297 |
|
|
|
11,964 |
|
Stockland REIT |
|
|
800 |
|
|
|
2,596 |
|
Telstra Corp. Ltd. |
|
|
17,437 |
|
|
|
43,313 |
|
Vicinity Centres REIT |
|
|
1,738 |
|
|
|
3,040 |
|
Westpac Banking Corp. |
|
|
2,543 |
|
|
|
43,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
658,733 |
|
|
|
|
|
|
|
|
|
|
Austria0.1% |
|
|
|
|
|
Erste Group Bank AG (k) |
|
|
637 |
|
|
|
23,927 |
|
EVN AG |
|
|
856 |
|
|
|
16,611 |
|
Flughafen Wien AG |
|
|
322 |
|
|
|
13,681 |
|
OMV AG |
|
|
453 |
|
|
|
25,379 |
|
Raiffeisen Bank International AG |
|
|
734 |
|
|
|
18,371 |
|
Telekom Austria AG (k) |
|
|
987 |
|
|
|
8,060 |
|
voestalpine AG |
|
|
739 |
|
|
|
20,497 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
126,526 |
|
|
|
|
|
|
|
|
|
|
Belgium0.1% |
|
|
|
|
|
Ageas |
|
|
512 |
|
|
|
30,276 |
|
Elia System Operator S.A. |
|
|
380 |
|
|
|
33,716 |
|
Proximus SADP |
|
|
1,263 |
|
|
|
36,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,182 |
|
|
|
|
|
|
|
|
|
|
Bermuda0.0% |
|
|
|
|
|
Arch Capital Group Ltd. (k) |
|
|
876 |
|
|
|
37,571 |
|
Bank of NT Butterfield & Son Ltd. |
|
|
441 |
|
|
|
16,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,897 |
|
|
|
|
|
|
|
|
|
|
Brazil0.1% |
|
|
|
|
|
Banco Bradesco S.A. |
|
|
2,800 |
|
|
|
23,835 |
|
Banco do Brasil S.A. (k) |
|
|
3,600 |
|
|
|
47,514 |
|
JBS S.A. |
|
|
4,300 |
|
|
|
27,687 |
|
LOG Commercial Properties e Participacoes S.A. |
|
|
1,125 |
|
|
|
9,078 |
|
Petroleo Brasileiro S.A. |
|
|
3,100 |
|
|
|
24,832 |
|
Smiles Fidelidade S.A. |
|
|
1,200 |
|
|
|
11,745 |
|
Suzano S.A. |
|
|
2,152 |
|
|
|
21,305 |
|
Vale S.A. (k) |
|
|
45 |
|
|
|
599 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
166,595 |
|
|
|
|
|
|
|
|
|
|
Canada0.9% |
|
|
|
|
|
Aecon Group, Inc. |
|
|
489 |
|
|
|
6,598 |
|
Artis Real Estate Investment Trust REIT |
|
|
523 |
|
|
|
4,793 |
|
Bank of Nova Scotia |
|
|
1,263 |
|
|
|
71,342 |
|
Bausch Health Cos., Inc. (k) |
|
|
899 |
|
|
|
26,910 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Baytex Energy Corp. (k) |
|
|
1,346 |
|
|
$ |
1,938 |
|
Bonavista Energy Corp. |
|
|
3,032 |
|
|
|
1,424 |
|
BRP, Inc. |
|
|
617 |
|
|
|
28,110 |
|
Canadian Apartment Properties REIT |
|
|
494 |
|
|
|
20,166 |
|
Canadian Imperial Bank of Commerce |
|
|
588 |
|
|
|
48,931 |
|
Canfor Pulp Products, Inc. |
|
|
534 |
|
|
|
3,438 |
|
Cogeco Communications, Inc. |
|
|
695 |
|
|
|
60,586 |
|
Crescent Point Energy Corp. |
|
|
346 |
|
|
|
1,547 |
|
ECN Capital Corp. |
|
|
1,240 |
|
|
|
4,574 |
|
Emera, Inc. |
|
|
695 |
|
|
|
29,860 |
|
Empire Co., Ltd., Class A |
|
|
793 |
|
|
|
18,601 |
|
Exchange Income Corp. |
|
|
529 |
|
|
|
18,206 |
|
Fairfax Financial Holdings Ltd. |
|
|
131 |
|
|
|
61,512 |
|
Genworth MI Canada, Inc. |
|
|
326 |
|
|
|
14,265 |
|
George Weston Ltd. |
|
|
853 |
|
|
|
67,672 |
|
Husky Energy, Inc. |
|
|
1,937 |
|
|
|
15,543 |
|
IA Financial Corp., Inc. |
|
|
428 |
|
|
|
23,510 |
|
InterRent Real Estate Investment Trust REIT |
|
|
1,332 |
|
|
|
16,043 |
|
Killam Apartment Real Estate Investment Trust REIT |
|
|
1,091 |
|
|
|
15,913 |
|
Magellan Aerospace Corp. |
|
|
1,336 |
|
|
|
14,465 |
|
Magna International, Inc. |
|
|
398 |
|
|
|
21,823 |
|
Manulife Financial Corp. |
|
|
1,735 |
|
|
|
35,220 |
|
Martinrea International, Inc. |
|
|
2,322 |
|
|
|
25,588 |
|
Methanex Corp. |
|
|
454 |
|
|
|
17,533 |
|
National Bank of Canada |
|
|
506 |
|
|
|
28,087 |
|
Northview Apartment Real Estate Investment Trust REIT |
|
|
668 |
|
|
|
15,247 |
|
Nutrien Ltd. |
|
|
960 |
|
|
|
45,961 |
|
Power Corp. of Canada |
|
|
821 |
|
|
|
21,149 |
|
Restaurant Brands International, Inc. |
|
|
599 |
|
|
|
38,185 |
|
Restaurant Brands International, Inc. |
|
|
1,180 |
|
|
|
75,249 |
|
Royal Bank of Canada |
|
|
1,097 |
|
|
|
86,802 |
|
Suncor Energy, Inc. |
|
|
1,586 |
|
|
|
51,981 |
|
Teck Resources Ltd., Class B |
|
|
1,241 |
|
|
|
21,522 |
|
Toronto-Dominion Bank |
|
|
928 |
|
|
|
52,047 |
|
Transcontinental, Inc., Class A |
|
|
1,806 |
|
|
|
22,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,134,413 |
|
|
|
|
|
|
|
|
|
|
Chile0.0% |
|
|
|
|
|
Banco Santander Chile |
|
|
212,025 |
|
|
|
12,125 |
|
Empresas CMPC S.A. |
|
|
8,295 |
|
|
|
20,330 |
|
Itau CorpBanca |
|
|
2,815,502 |
|
|
|
16,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,759 |
|
|
|
|
|
|
|
|
|
|
China1.2% |
|
|
|
|
|
58.com, Inc. ADR (k) |
|
|
463 |
|
|
|
29,970 |
|
AAC Technologies Holdings, Inc. |
|
|
3,400 |
|
|
|
29,682 |
|
Agile Group Holdings Ltd. |
|
|
13,091 |
|
|
|
19,672 |
|
Agricultural Bank of China Ltd., Class H |
|
|
48,000 |
|
|
|
21,128 |
|
Alibaba Group Holding Ltd. ADR (k) |
|
|
799 |
|
|
|
169,468 |
|
Anhui Conch Cement Co., Ltd., Class H |
|
|
3,500 |
|
|
|
25,501 |
|
Autohome, Inc. ADR (k) |
|
|
297 |
|
|
|
23,763 |
|
Baidu, Inc. ADR (k) |
|
|
203 |
|
|
|
25,659 |
|
Bank of China Ltd., Class H |
|
|
88,000 |
|
|
|
37,618 |
|
Bank of Communications Co., Ltd., Class H |
|
|
22,039 |
|
|
|
15,661 |
|
Beijing Enterprises Holdings Ltd. |
|
|
5,000 |
|
|
|
22,943 |
|
BOC Aviation Ltd. (b) |
|
|
6,800 |
|
|
|
69,158 |
|
China CITIC Bank Corp., Ltd., Class H |
|
|
40,000 |
|
|
|
23,984 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
China Communications Services Corp., Ltd., Class H |
|
|
34,000 |
|
|
$ |
24,785 |
|
China Construction Bank Corp., Class H |
|
|
118,064 |
|
|
|
102,366 |
|
China Dongxiang Group Co., Ltd. |
|
|
43,117 |
|
|
|
4,758 |
|
China Everbright Greentech Ltd. (b) |
|
|
32,000 |
|
|
|
17,337 |
|
China Lumena New Materials Corp. (d)(f)(k) |
|
|
1,772 |
|
|
|
|
|
China Mobile Ltd. |
|
|
8,500 |
|
|
|
71,824 |
|
China SCE Group Holdings Ltd. |
|
|
63,000 |
|
|
|
36,697 |
|
China Shenhua Energy Co., Ltd., Class H |
|
|
14,500 |
|
|
|
30,318 |
|
China Telecom Corp., Ltd., Class H |
|
|
22,000 |
|
|
|
9,064 |
|
China Water Affairs Group Ltd. |
|
|
10,000 |
|
|
|
7,482 |
|
China Yuchai International Ltd. |
|
|
992 |
|
|
|
13,223 |
|
China Zhongwang Holdings Ltd. |
|
|
41,200 |
|
|
|
16,460 |
|
Chongqing Rural Commercial Bank Co., Ltd., Class H |
|
|
6,488 |
|
|
|
3,314 |
|
CIFI Holdings Group Co., Ltd. |
|
|
50,000 |
|
|
|
42,277 |
|
CITIC Ltd. |
|
|
13,000 |
|
|
|
17,351 |
|
Country Garden Holdings Co., Ltd. |
|
|
16,000 |
|
|
|
25,608 |
|
Country Garden Services Holdings Co., Ltd. |
|
|
5,172 |
|
|
|
17,413 |
|
CSPC Pharmaceutical Group Ltd. |
|
|
12,000 |
|
|
|
28,637 |
|
EVA Precision Industrial Holdings Ltd. |
|
|
20,236 |
|
|
|
1,506 |
|
Fosun International Ltd. |
|
|
11,500 |
|
|
|
16,775 |
|
Golden Eagle Retail Group Ltd. |
|
|
6,000 |
|
|
|
6,684 |
|
Guangzhou Automobile Group Co., Ltd., Class H |
|
|
16,809 |
|
|
|
20,927 |
|
Guangzhou R&F Properties Co., Ltd., Class H |
|
|
2,881 |
|
|
|
5,320 |
|
Industrial & Commercial Bank of China Ltd., Class H |
|
|
66,000 |
|
|
|
50,921 |
|
Jiangsu Expressway Co., Ltd., Class H |
|
|
5,189 |
|
|
|
7,111 |
|
Ju Teng International Holdings Ltd. |
|
|
4,744 |
|
|
|
1,212 |
|
Kingboard Holdings Ltd. |
|
|
5,000 |
|
|
|
15,858 |
|
Lenovo Group Ltd. |
|
|
60,000 |
|
|
|
40,293 |
|
Postal Savings Bank of China Co., Ltd., Class H (b) |
|
|
22,000 |
|
|
|
14,962 |
|
Shanghai Industrial Holdings Ltd. |
|
|
9,000 |
|
|
|
17,326 |
|
Shenzhen Expressway Co., Ltd., Class H |
|
|
25,700 |
|
|
|
36,878 |
|
Shenzhen Investment Holdings Bay Area Development Co., Ltd. |
|
|
30,000 |
|
|
|
14,363 |
|
Sinotrans Ltd., Class H |
|
|
45,000 |
|
|
|
15,306 |
|
Sinotruk Hong Kong Ltd. |
|
|
11,500 |
|
|
|
24,544 |
|
SSY Group Ltd. |
|
|
22,000 |
|
|
|
17,819 |
|
Tencent Holdings Ltd. |
|
|
3,681 |
|
|
|
177,336 |
|
Tong Ren Tang Technologies Co., Ltd., Class H |
|
|
2,726 |
|
|
|
2,678 |
|
Uni-President China Holdings Ltd. |
|
|
20,000 |
|
|
|
21,011 |
|
Yuexiu Real Estate Investment Trust REIT |
|
|
13,000 |
|
|
|
8,811 |
|
Yuzhou Properties Co., Ltd. |
|
|
79,088 |
|
|
|
43,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,544,273 |
|
|
|
|
|
|
|
|
|
|
Colombia0.0% |
|
|
|
|
|
Bancolombia S.A. |
|
|
2,251 |
|
|
|
30,170 |
|
Corp. Financiera Colombiana S.A. (k) |
|
|
346 |
|
|
|
3,247 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,417 |
|
|
|
|
|
|
|
|
|
|
Czech Republic0.1% |
|
|
|
|
|
CEZ AS |
|
|
2,391 |
|
|
|
53,737 |
|
Moneta Money Bank AS (b) |
|
|
6,630 |
|
|
|
24,877 |
|
O2 Czech Republic AS |
|
|
2,387 |
|
|
|
24,638 |
|
Philip Morris CR AS |
|
|
31 |
|
|
|
20,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
124,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Denmark0.1% |
|
|
|
|
|
Demant A/S (k) |
|
|
972 |
|
|
$ |
30,611 |
|
Netcompany Group A/S (b)(k) |
|
|
413 |
|
|
|
19,652 |
|
Royal Unibrew A/S |
|
|
168 |
|
|
|
15,389 |
|
Solar A/S, Class B |
|
|
111 |
|
|
|
4,982 |
|
Spar Nord Bank A/S |
|
|
377 |
|
|
|
3,661 |
|
Topdanmark A/S |
|
|
384 |
|
|
|
18,930 |
|
Tryg A/S |
|
|
1,482 |
|
|
|
43,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
137,161 |
|
|
|
|
|
|
|
|
|
|
|
|
Finland0.1% |
|
|
|
|
|
Elisa Oyj |
|
|
611 |
|
|
|
33,754 |
|
Finnair Oyj |
|
|
2,810 |
|
|
|
18,550 |
|
Metsa Board Oyj |
|
|
429 |
|
|
|
2,886 |
|
Neste Oyj |
|
|
1,601 |
|
|
|
55,707 |
|
Oriola Oyj, Class B |
|
|
700 |
|
|
|
1,591 |
|
Outokumpu Oyj |
|
|
5,805 |
|
|
|
18,295 |
|
Stora Enso Oyj, Class R |
|
|
1,506 |
|
|
|
21,913 |
|
UPM-Kymmene Oyj |
|
|
1,003 |
|
|
|
34,799 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
187,495 |
|
|
|
|
|
|
|
|
|
|
France0.9% |
|
|
|
|
|
Aeroports de Paris |
|
|
113 |
|
|
|
22,373 |
|
APERAM S.A. |
|
|
51 |
|
|
|
1,638 |
|
ArcelorMittal S.A. |
|
|
1,371 |
|
|
|
24,157 |
|
AXA S.A. |
|
|
1,711 |
|
|
|
48,346 |
|
BNP Paribas S.A. |
|
|
937 |
|
|
|
55,693 |
|
Boiron S.A. |
|
|
31 |
|
|
|
1,266 |
|
Cegereal S.A. REIT |
|
|
421 |
|
|
|
20,212 |
|
Cie Generale des Etablissements Michelin SCA |
|
|
326 |
|
|
|
40,117 |
|
CNP Assurances |
|
|
1,192 |
|
|
|
23,751 |
|
Coface S.A. (k) |
|
|
1,123 |
|
|
|
13,819 |
|
Credit Agricole S.A. |
|
|
1,749 |
|
|
|
25,450 |
|
Eiffage S.A. |
|
|
670 |
|
|
|
76,867 |
|
Engie S.A. |
|
|
2,716 |
|
|
|
43,995 |
|
Faurecia SE |
|
|
378 |
|
|
|
20,521 |
|
Hermes International |
|
|
85 |
|
|
|
63,674 |
|
Ipsen S.A. |
|
|
207 |
|
|
|
18,375 |
|
Jacquet Metal Service S.A. |
|
|
1,016 |
|
|
|
17,628 |
|
Kaufman & Broad S.A. |
|
|
357 |
|
|
|
14,817 |
|
Kering S.A. |
|
|
77 |
|
|
|
50,736 |
|
Klepierre S.A. REIT |
|
|
695 |
|
|
|
26,441 |
|
Korian S.A. |
|
|
349 |
|
|
|
16,452 |
|
LOreal S.A. |
|
|
164 |
|
|
|
48,496 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
|
356 |
|
|
|
165,879 |
|
Orange S.A. |
|
|
2,801 |
|
|
|
41,164 |
|
Peugeot S.A. |
|
|
1,273 |
|
|
|
30,650 |
|
Renault S.A. |
|
|
315 |
|
|
|
14,959 |
|
Rubis SCA |
|
|
80 |
|
|
|
4,923 |
|
SEB S.A. |
|
|
19 |
|
|
|
2,826 |
|
Societe Generale S.A. |
|
|
919 |
|
|
|
32,071 |
|
Sodexo S.A. |
|
|
194 |
|
|
|
22,990 |
|
STMicroelectronics NV |
|
|
1,115 |
|
|
|
30,083 |
|
Total S.A. |
|
|
1,483 |
|
|
|
82,292 |
|
Unibail-Rodamco-Westfield REIT |
|
|
168 |
|
|
|
26,505 |
|
Vinci S.A. |
|
|
1,080 |
|
|
|
120,283 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,249,449 |
|
|
|
|
|
|
|
|
|
|
Germany0.6% |
|
|
|
|
|
Adidas AG |
|
|
248 |
|
|
|
80,617 |
|
Bayer AG |
|
|
899 |
|
|
|
73,086 |
|
Bayerische Motoren Werke AG |
|
|
248 |
|
|
|
20,313 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Covestro AG (b) |
|
|
422 |
|
|
$ |
19,636 |
|
Deutsche Boerse AG |
|
|
251 |
|
|
|
39,360 |
|
Deutsche Lufthansa AG |
|
|
1,206 |
|
|
|
22,199 |
|
Deutsche Telekom AG |
|
|
5,924 |
|
|
|
96,811 |
|
Deutz AG |
|
|
3,471 |
|
|
|
21,601 |
|
DWS Group GmbH & Co. KGaA (b) |
|
|
724 |
|
|
|
25,707 |
|
Fresenius SE & Co. KGaA |
|
|
568 |
|
|
|
31,963 |
|
HeidelbergCement AG |
|
|
338 |
|
|
|
24,561 |
|
MTU Aero Engines AG |
|
|
74 |
|
|
|
21,085 |
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
|
|
285 |
|
|
|
84,101 |
|
Rhoen Klinikum AG |
|
|
147 |
|
|
|
2,882 |
|
SAP SE |
|
|
573 |
|
|
|
77,125 |
|
Sixt SE |
|
|
37 |
|
|
|
3,711 |
|
TAG Immobilien AG (k) |
|
|
1,546 |
|
|
|
38,396 |
|
Talanx AG (k) |
|
|
791 |
|
|
|
39,148 |
|
TLG Immobilien AG |
|
|
794 |
|
|
|
25,338 |
|
WCM Beteiligungs & Grundbesitz AG |
|
|
2,676 |
|
|
|
14,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
762,508 |
|
|
|
|
|
|
|
|
|
|
Hong Kong0.3% |
|
|
|
|
|
AIA Group Ltd. |
|
|
3,600 |
|
|
|
37,865 |
|
Cathay Pacific Airways Ltd. |
|
|
1,543 |
|
|
|
2,281 |
|
CITIC Telecom International Holdings Ltd. |
|
|
37,000 |
|
|
|
13,485 |
|
CK Asset Holdings Ltd. |
|
|
4,500 |
|
|
|
32,473 |
|
CK Hutchison Holdings Ltd. |
|
|
2,797 |
|
|
|
26,671 |
|
CLP Holdings Ltd. |
|
|
10,281 |
|
|
|
107,924 |
|
Dah Sing Banking Group Ltd. |
|
|
1,623 |
|
|
|
2,171 |
|
Fairwood Holdings Ltd. |
|
|
5,000 |
|
|
|
12,760 |
|
Global Brands Group Holding Ltd. |
|
|
61,400 |
|
|
|
5,036 |
|
Hang Seng Bank Ltd. |
|
|
2,700 |
|
|
|
55,809 |
|
Health & Happiness H&H International Holdings Ltd. |
|
|
4,500 |
|
|
|
18,639 |
|
Hui Xian Real Estate Investment Trust REIT |
|
|
15,000 |
|
|
|
7,064 |
|
Hysan Development Co., Ltd. |
|
|
7,000 |
|
|
|
27,449 |
|
IT Ltd. |
|
|
42,000 |
|
|
|
10,088 |
|
Johnson Electric Holdings Ltd. |
|
|
9,500 |
|
|
|
21,610 |
|
Kerry Properties Ltd. |
|
|
4,243 |
|
|
|
13,476 |
|
NWS Holdings Ltd. |
|
|
6,000 |
|
|
|
8,409 |
|
Shanghai Industrial Urban Development Group Ltd. |
|
|
17,000 |
|
|
|
2,137 |
|
Swire Pacific Ltd., Class A |
|
|
3,656 |
|
|
|
33,963 |
|
Wharf Real Estate Investment Co., Ltd. |
|
|
4,000 |
|
|
|
24,406 |
|
Yue Yuen Industrial Holdings Ltd. |
|
|
698 |
|
|
|
2,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
465,776 |
|
|
|
|
|
|
|
|
|
|
Hungary0.1% |
|
|
|
|
|
Magyar Telekom Telecommunications PLC |
|
|
30,802 |
|
|
|
46,592 |
|
MOL Hungarian Oil & Gas PLC |
|
|
2,686 |
|
|
|
26,774 |
|
OTP Bank Nyrt |
|
|
460 |
|
|
|
24,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
97,452 |
|
|
|
|
|
|
|
|
|
|
Indonesia0.1% |
|
|
|
|
|
Astra International Tbk PT |
|
|
56,900 |
|
|
|
28,342 |
|
Bank Central Asia Tbk PT |
|
|
9,600 |
|
|
|
23,088 |
|
Bank Negara Indonesia Persero Tbk PT |
|
|
45,955 |
|
|
|
25,942 |
|
Indo Tambangraya Megah Tbk PT |
|
|
21,000 |
|
|
|
17,336 |
|
Mitra Adiperkasa Tbk PT |
|
|
221,700 |
|
|
|
16,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
111,552 |
|
|
|
|
|
|
|
|
|
|
Ireland0.1% |
|
|
|
|
|
Ingersoll-Rand PLC |
|
|
516 |
|
|
|
68,587 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Irish Residential Properties REIT PLC |
|
|
1,116 |
|
|
$ |
1,990 |
|
Origin Enterprises PLC |
|
|
4,223 |
|
|
|
17,574 |
|
Smurfit Kappa Group PLC |
|
|
646 |
|
|
|
24,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,099 |
|
|
|
|
|
|
|
|
|
|
Israel0.2% |
|
|
|
|
|
B Communications Ltd. (k) |
|
|
1,705 |
|
|
|
3,109 |
|
Bank Leumi Le-Israel BM |
|
|
7,872 |
|
|
|
57,410 |
|
Equital Ltd. (k) |
|
|
|
|
|
|
5 |
|
First International Bank of Israel Ltd. |
|
|
563 |
|
|
|
16,307 |
|
Harel Insurance Investments & Financial Services Ltd. |
|
|
1,700 |
|
|
|
13,293 |
|
Hilan Ltd. |
|
|
604 |
|
|
|
24,345 |
|
Israel Discount Bank Ltd., Class A |
|
|
6,144 |
|
|
|
28,534 |
|
Mizrahi Tefahot Bank Ltd. |
|
|
1,385 |
|
|
|
36,944 |
|
Shufersal Ltd. |
|
|
769 |
|
|
|
4,902 |
|
Teva Pharmaceutical Industries Ltd. ADR (k) |
|
|
2,064 |
|
|
|
20,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
205,076 |
|
|
|
|
|
|
|
|
|
|
Italy0.4% |
|
|
|
|
|
Amplifon SpA |
|
|
793 |
|
|
|
22,822 |
|
Enav SpA (b) |
|
|
6,070 |
|
|
|
36,222 |
|
Enel SpA |
|
|
17,844 |
|
|
|
141,750 |
|
Eni SpA |
|
|
3,873 |
|
|
|
60,152 |
|
Intesa Sanpaolo SpA |
|
|
9,557 |
|
|
|
25,175 |
|
Iren SpA |
|
|
6,151 |
|
|
|
19,057 |
|
Mediobanca Banca di Credito Finanziario SpA |
|
|
1,860 |
|
|
|
20,480 |
|
Moncler SpA |
|
|
638 |
|
|
|
28,715 |
|
Prima Industrie SpA |
|
|
831 |
|
|
|
15,299 |
|
Snam SpA |
|
|
15,927 |
|
|
|
83,741 |
|
Telecom Italia SpA (k) |
|
|
38,373 |
|
|
|
23,964 |
|
Unipol Gruppo SpA |
|
|
2,831 |
|
|
|
16,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
493,630 |
|
|
|
|
|
|
|
|
|
|
Japan2.8% |
|
|
|
|
|
ADEKA Corp. |
|
|
26 |
|
|
|
392 |
|
Aeon Co., Ltd. |
|
|
1,600 |
|
|
|
33,018 |
|
AGC, Inc. |
|
|
800 |
|
|
|
28,606 |
|
Aida Engineering Ltd. |
|
|
142 |
|
|
|
1,270 |
|
ANA Holdings, Inc. |
|
|
1,545 |
|
|
|
51,578 |
|
Aoyama Trading Co., Ltd. |
|
|
111 |
|
|
|
1,562 |
|
Asahi Group Holdings Ltd. |
|
|
1,100 |
|
|
|
50,183 |
|
Astellas Pharma, Inc. |
|
|
9,992 |
|
|
|
170,563 |
|
Bandai Namco Holdings, Inc. |
|
|
700 |
|
|
|
42,582 |
|
Bookoff Group Holdings Ltd. |
|
|
400 |
|
|
|
3,777 |
|
Canon, Inc. |
|
|
1,210 |
|
|
|
33,116 |
|
Chubu Electric Power Co., Inc. |
|
|
2,200 |
|
|
|
31,099 |
|
Dai-ichi Life Holdings, Inc. |
|
|
1,600 |
|
|
|
26,368 |
|
Daikin Industries Ltd. |
|
|
400 |
|
|
|
56,436 |
|
Daito Pharmaceutical Co., Ltd. |
|
|
152 |
|
|
|
4,418 |
|
Daiwa Office Investment Corp. REIT |
|
|
2 |
|
|
|
15,358 |
|
DCM Holdings Co., Ltd. |
|
|
2,725 |
|
|
|
26,541 |
|
Doutor Nichires Holdings Co., Ltd. |
|
|
1,551 |
|
|
|
30,786 |
|
DTS Corp. |
|
|
1,098 |
|
|
|
25,505 |
|
DyDo Group Holdings, Inc. |
|
|
426 |
|
|
|
17,976 |
|
East Japan Railway Co. |
|
|
400 |
|
|
|
36,105 |
|
Exedy Corp. |
|
|
1,074 |
|
|
|
24,295 |
|
FamilyMart Co., Ltd. |
|
|
1,200 |
|
|
|
28,740 |
|
FUJIFILM Holdings Corp. |
|
|
1,521 |
|
|
|
72,637 |
|
Fukuyama Transporting Co., Ltd. |
|
|
345 |
|
|
|
12,530 |
|
Geo Holdings Corp. |
|
|
536 |
|
|
|
6,611 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Hitachi Ltd. |
|
|
1,300 |
|
|
$ |
54,854 |
|
Honda Motor Co., Ltd. |
|
|
2,600 |
|
|
|
73,584 |
|
Honeys Holdings Co., Ltd. |
|
|
39 |
|
|
|
641 |
|
Hoya Corp. |
|
|
600 |
|
|
|
57,277 |
|
ITOCHU Corp. |
|
|
4,777 |
|
|
|
110,715 |
|
Japan Airlines Co., Ltd. |
|
|
1,620 |
|
|
|
50,440 |
|
Japan Wool Textile Co., Ltd. |
|
|
2,200 |
|
|
|
22,724 |
|
JFE Holdings, Inc. |
|
|
1,400 |
|
|
|
17,964 |
|
JVCKenwood Corp. |
|
|
4,400 |
|
|
|
11,016 |
|
JXTG Holdings, Inc. |
|
|
4,600 |
|
|
|
20,877 |
|
Kajima Corp. |
|
|
4,500 |
|
|
|
59,828 |
|
Kamigumi Co., Ltd. |
|
|
1,100 |
|
|
|
24,180 |
|
Kandenko Co., Ltd. |
|
|
900 |
|
|
|
8,627 |
|
Kansai Electric Power Co., Inc. |
|
|
2,000 |
|
|
|
23,170 |
|
KDDI Corp. |
|
|
1,600 |
|
|
|
47,738 |
|
Kikkoman Corp. |
|
|
700 |
|
|
|
34,268 |
|
Kintetsu Group Holdings Co., Ltd. |
|
|
700 |
|
|
|
37,968 |
|
LaSalle Logiport REIT |
|
|
19 |
|
|
|
28,243 |
|
Mazda Motor Corp. |
|
|
2,800 |
|
|
|
23,860 |
|
McDonalds Holdings Co. Japan Ltd. |
|
|
600 |
|
|
|
28,907 |
|
Mirait Holdings Corp. |
|
|
1,700 |
|
|
|
25,692 |
|
Mitsubishi Chemical Holdings Corp. |
|
|
2,706 |
|
|
|
20,163 |
|
Mitsubishi Corp. |
|
|
3,900 |
|
|
|
103,316 |
|
Mitsubishi Gas Chemical Co., Inc. |
|
|
271 |
|
|
|
4,128 |
|
Mitsuboshi Belting Ltd. |
|
|
71 |
|
|
|
1,365 |
|
Mitsui & Co., Ltd. |
|
|
4,200 |
|
|
|
74,657 |
|
Mitsui Sugar Co., Ltd. |
|
|
800 |
|
|
|
16,700 |
|
Morinaga Milk Industry Co., Ltd. |
|
|
600 |
|
|
|
24,464 |
|
NEC Corp. |
|
|
1,600 |
|
|
|
66,215 |
|
NET One Systems Co., Ltd. |
|
|
1,200 |
|
|
|
30,639 |
|
Nichias Corp. |
|
|
498 |
|
|
|
12,617 |
|
Nidec Corp. |
|
|
400 |
|
|
|
54,633 |
|
Nihon Unisys Ltd. |
|
|
821 |
|
|
|
25,754 |
|
Nippon REIT Investment Corp. REIT |
|
|
6 |
|
|
|
26,395 |
|
Nippon Telegraph & Telephone Corp. |
|
|
7,616 |
|
|
|
192,484 |
|
Nishimatsu Construction Co., Ltd. |
|
|
800 |
|
|
|
17,999 |
|
Nissan Motor Co., Ltd. |
|
|
4,859 |
|
|
|
28,157 |
|
Nisshin Seifun Group, Inc. |
|
|
1,700 |
|
|
|
29,661 |
|
NTT DOCOMO, Inc. |
|
|
6,743 |
|
|
|
187,834 |
|
Obayashi Corp. |
|
|
5,127 |
|
|
|
56,944 |
|
Okumura Corp. |
|
|
1,000 |
|
|
|
27,492 |
|
Pacific Industrial Co., Ltd. |
|
|
224 |
|
|
|
3,051 |
|
Raito Kogyo Co., Ltd. |
|
|
2,063 |
|
|
|
29,818 |
|
Recruit Holdings Co., Ltd. |
|
|
1,900 |
|
|
|
71,165 |
|
Rengo Co., Ltd. |
|
|
1,100 |
|
|
|
8,380 |
|
S Foods, Inc. |
|
|
172 |
|
|
|
4,485 |
|
Sankyo Co., Ltd. |
|
|
1,000 |
|
|
|
33,213 |
|
Sanyo Special Steel Co., Ltd. |
|
|
182 |
|
|
|
2,622 |
|
Sawai Pharmaceutical Co., Ltd. |
|
|
525 |
|
|
|
33,261 |
|
SBI Holdings, Inc. |
|
|
1,100 |
|
|
|
23,223 |
|
Secom Co., Ltd. |
|
|
400 |
|
|
|
35,697 |
|
Sekisui House Ltd. |
|
|
1,800 |
|
|
|
38,439 |
|
Senko Group Holdings Co., Ltd. |
|
|
2,496 |
|
|
|
21,263 |
|
Shibaura Electronics Co., Ltd. |
|
|
200 |
|
|
|
5,860 |
|
Shiseido Co., Ltd. |
|
|
700 |
|
|
|
49,707 |
|
SoftBank Group Corp. |
|
|
1,600 |
|
|
|
69,467 |
|
Sojitz Corp. |
|
|
6,684 |
|
|
|
21,543 |
|
Sony Corp. |
|
|
1,000 |
|
|
|
67,898 |
|
Sumitomo Corp. |
|
|
2,700 |
|
|
|
40,104 |
|
Sumitomo Densetsu Co., Ltd. |
|
|
300 |
|
|
|
8,064 |
|
Sumitomo Electric Industries Ltd. |
|
|
2,000 |
|
|
|
30,036 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Sumitomo Mitsui Financial Group, Inc. |
|
|
1,300 |
|
|
$ |
48,016 |
|
Sumitomo Rubber Industries Ltd. |
|
|
2,100 |
|
|
|
25,607 |
|
Sushiro Global Holdings Ltd. |
|
|
400 |
|
|
|
34,447 |
|
Suzuken Co., Ltd. |
|
|
600 |
|
|
|
24,455 |
|
Takasago Thermal Engineering Co., Ltd. |
|
|
1,397 |
|
|
|
24,992 |
|
Teijin Ltd. |
|
|
900 |
|
|
|
16,814 |
|
Toho Co., Ltd. |
|
|
600 |
|
|
|
25,003 |
|
Tokyo Gas Co., Ltd. |
|
|
1,200 |
|
|
|
29,159 |
|
Tokyu Construction Co., Ltd. |
|
|
700 |
|
|
|
4,986 |
|
Toshiba Plant Systems & Services Corp. |
|
|
1,200 |
|
|
|
29,184 |
|
Towa Pharmaceutical Co., Ltd. |
|
|
414 |
|
|
|
10,758 |
|
Toyo Seikan Group Holdings Ltd. |
|
|
1,700 |
|
|
|
29,264 |
|
Toyo Suisan Kaisha Ltd. |
|
|
700 |
|
|
|
29,726 |
|
Toyota Motor Corp. |
|
|
1,751 |
|
|
|
123,378 |
|
Toyota Tsusho Corp. |
|
|
600 |
|
|
|
21,077 |
|
Tv Tokyo Holdings Corp. |
|
|
266 |
|
|
|
5,934 |
|
YA-MAN Ltd. |
|
|
3,100 |
|
|
|
20,745 |
|
Yorozu Corp. |
|
|
259 |
|
|
|
3,477 |
|
Yurtec Corp. |
|
|
132 |
|
|
|
833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,701,393 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)0.5% |
|
|
|
|
|
CJ Hello Co., Ltd. |
|
|
889 |
|
|
|
4,644 |
|
Daeduck Electronics Co. |
|
|
2,244 |
|
|
|
20,250 |
|
Daekyo Co., Ltd. |
|
|
777 |
|
|
|
4,098 |
|
Dongwon Industries Co., Ltd. |
|
|
114 |
|
|
|
20,829 |
|
Easy Bio, Inc. |
|
|
559 |
|
|
|
2,406 |
|
Hana Financial Group, Inc. |
|
|
799 |
|
|
|
25,415 |
|
Hansol Paper Co., Ltd. |
|
|
477 |
|
|
|
5,949 |
|
HDC Holdings Co., Ltd. |
|
|
757 |
|
|
|
7,204 |
|
HDC Hyundai Development Co-Engineering & Construction |
|
|
1 |
|
|
|
22 |
|
HDC Hyundai Engineering Plastics Co., Ltd. |
|
|
864 |
|
|
|
3,742 |
|
Industrial Bank of Korea (k) |
|
|
1,952 |
|
|
|
19,897 |
|
KB Financial Group, Inc. (k) |
|
|
624 |
|
|
|
25,708 |
|
KC Co., Ltd. |
|
|
70 |
|
|
|
1,126 |
|
KC Tech Co., Ltd. |
|
|
103 |
|
|
|
2,071 |
|
KT Corp. (k) |
|
|
221 |
|
|
|
5,157 |
|
KT&G Corp. (k) |
|
|
498 |
|
|
|
40,292 |
|
Kukdo Chemical Co., Ltd. |
|
|
130 |
|
|
|
5,283 |
|
LG Corp. |
|
|
311 |
|
|
|
19,816 |
|
LG Electronics, Inc. (k) |
|
|
448 |
|
|
|
27,828 |
|
Macquarie Korea Infrastructure Fund |
|
|
2,320 |
|
|
|
23,271 |
|
Orange Life Insurance Ltd. (b) |
|
|
297 |
|
|
|
7,247 |
|
Partron Co., Ltd. |
|
|
2,165 |
|
|
|
24,671 |
|
POSCO |
|
|
117 |
|
|
|
23,782 |
|
Samsung Electronics Co., Ltd. |
|
|
917 |
|
|
|
44,187 |
|
Samsung Electronics Co., Ltd. GDR |
|
|
69 |
|
|
|
82,317 |
|
Samsung Fire & Marine Insurance Co., Ltd. |
|
|
177 |
|
|
|
37,212 |
|
Shinhan Financial Group Co., Ltd. (k) |
|
|
742 |
|
|
|
27,820 |
|
SK Hynix, Inc. |
|
|
532 |
|
|
|
43,272 |
|
SK Telecom Co., Ltd. |
|
|
177 |
|
|
|
36,471 |
|
Ubiquoss Holdings, Inc. |
|
|
633 |
|
|
|
11,007 |
|
Ubiquoss, Inc. |
|
|
140 |
|
|
|
3,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
606,426 |
|
|
|
|
|
|
|
|
|
|
Malaysia0.2% |
|
|
|
|
|
AirAsia Group Bhd. |
|
|
41,100 |
|
|
|
17,089 |
|
Ann Joo Resources Bhd. |
|
|
32,300 |
|
|
|
9,639 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Axis Real Estate Investment Trust REIT |
|
|
11,200 |
|
|
$ |
4,846 |
|
Bermaz Auto Bhd. |
|
|
9,500 |
|
|
|
4,879 |
|
CIMB Group Holdings Bhd. |
|
|
17,000 |
|
|
|
21,412 |
|
Genting Bhd. |
|
|
12,100 |
|
|
|
17,905 |
|
Hong Leong Bank Bhd. |
|
|
6,000 |
|
|
|
25,390 |
|
Hong Leong Financial Group Bhd. |
|
|
4,900 |
|
|
|
20,244 |
|
KNM Group Bhd. (k) |
|
|
31,700 |
|
|
|
2,913 |
|
Malayan Banking Bhd. |
|
|
25,300 |
|
|
|
53,463 |
|
Maxis Bhd. |
|
|
3,200 |
|
|
|
4,166 |
|
MISC Bhd. |
|
|
7,300 |
|
|
|
14,915 |
|
Petronas Chemicals Group Bhd. |
|
|
7,900 |
|
|
|
14,197 |
|
Petronas Dagangan Bhd. |
|
|
4,300 |
|
|
|
24,283 |
|
Syarikat Takaful Malaysia Keluarga Bhd. |
|
|
4,000 |
|
|
|
5,574 |
|
Tenaga Nasional Bhd. |
|
|
7,300 |
|
|
|
23,678 |
|
VS Industry Bhd. |
|
|
13,575 |
|
|
|
4,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
269,046 |
|
|
|
|
|
|
|
|
|
|
Mexico0.1% |
|
|
|
|
|
Banco del Bajio S.A. (b) |
|
|
16,700 |
|
|
|
27,972 |
|
Grupo Aeroportuario del Pacifico S.A.B de C.V. ADR |
|
|
47 |
|
|
|
5,575 |
|
Grupo Financiero Banorte S.A.B de C.V., Class O |
|
|
4,600 |
|
|
|
25,703 |
|
Grupo Lala S.A.B de C.V. |
|
|
4,496 |
|
|
|
3,885 |
|
Megacable Holdings S.A.B de C.V. UNIT |
|
|
5,000 |
|
|
|
20,479 |
|
Qualitas Controladora S.A.B. de C.V. |
|
|
5,100 |
|
|
|
21,417 |
|
Ternium S.A. ADR |
|
|
978 |
|
|
|
21,516 |
|
Wal-Mart de Mexico S.A.B de C.V. |
|
|
17,400 |
|
|
|
49,833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
176,380 |
|
|
|
|
|
|
|
|
|
|
Morocco0.0% |
|
|
|
|
|
Douja Promotion Groupe Addoha S.A. (k) |
|
|
3,431 |
|
|
|
4,068 |
|
|
|
|
|
|
|
|
|
|
|
|
Netherlands0.3% |
|
|
|
|
|
Aegon NV |
|
|
4,846 |
|
|
|
22,183 |
|
AerCap Holdings NV (k) |
|
|
365 |
|
|
|
22,437 |
|
Airbus SE |
|
|
457 |
|
|
|
67,072 |
|
ASML Holding NV |
|
|
293 |
|
|
|
86,745 |
|
ASR Nederland NV |
|
|
1,250 |
|
|
|
46,844 |
|
Coca-Cola European Partners PLC |
|
|
367 |
|
|
|
18,673 |
|
Koninklijke Ahold Delhaize NV |
|
|
3,925 |
|
|
|
98,409 |
|
NIBC Holding NV (b) |
|
|
1,687 |
|
|
|
14,274 |
|
Prosus NV (k) |
|
|
252 |
|
|
|
18,860 |
|
Signify NV (b) |
|
|
614 |
|
|
|
19,217 |
|
Vastned Retail NV REIT |
|
|
232 |
|
|
|
6,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
421,662 |
|
|
|
|
|
|
|
|
|
|
New Zealand0.1% |
|
|
|
|
|
a2 Milk Co., Ltd. (k) |
|
|
2,268 |
|
|
|
22,964 |
|
Air New Zealand Ltd. |
|
|
26,556 |
|
|
|
52,381 |
|
Arvida Group Ltd. |
|
|
9,216 |
|
|
|
11,912 |
|
Auckland International Airport Ltd. |
|
|
3,317 |
|
|
|
19,552 |
|
Kiwi Property Group Ltd. REIT |
|
|
1,590 |
|
|
|
1,670 |
|
Oceania Healthcare Ltd. |
|
|
24,160 |
|
|
|
21,469 |
|
Summerset Group Holdings Ltd. |
|
|
8,717 |
|
|
|
52,245 |
|
Tourism Holdings Ltd. |
|
|
4,537 |
|
|
|
10,544 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
192,737 |
|
|
|
|
|
|
|
|
|
|
Norway0.2% |
|
|
|
|
|
Austevoll Seafood ASA |
|
|
1,426 |
|
|
|
14,626 |
|
Avance Gas Holding Ltd. (b)(k) |
|
|
97 |
|
|
|
555 |
|
B2Holding ASA |
|
|
15,516 |
|
|
|
16,894 |
|
Elkem ASA (b) |
|
|
2,558 |
|
|
|
7,213 |
|
Equinor ASA |
|
|
1,425 |
|
|
|
28,418 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
FLEX LNG Ltd. |
|
|
1,967 |
|
|
$ |
20,471 |
|
Frontline Ltd. |
|
|
2,069 |
|
|
|
26,233 |
|
Mowi ASA |
|
|
1,011 |
|
|
|
26,287 |
|
Norsk Hydro ASA |
|
|
5,353 |
|
|
|
19,906 |
|
Norwegian Finans Holding ASA (k) |
|
|
2,077 |
|
|
|
22,546 |
|
Salmar ASA |
|
|
316 |
|
|
|
16,194 |
|
Selvaag Bolig ASA |
|
|
3,268 |
|
|
|
27,489 |
|
Sparebank 1 Nord Norge |
|
|
2,302 |
|
|
|
20,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
247,415 |
|
|
|
|
|
|
|
|
|
|
Peru0.0% |
|
|
|
|
|
Ferreycorp SAA |
|
|
41,576 |
|
|
|
27,483 |
|
Volcan Cia Minera SAA, Class B (k) |
|
|
76,624 |
|
|
|
10,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,775 |
|
|
|
|
|
|
|
|
|
|
Philippines0.1% |
|
|
|
|
|
Bloomberry Resorts Corp. |
|
|
64,100 |
|
|
|
14,302 |
|
Globe Telecom, Inc. |
|
|
540 |
|
|
|
21,538 |
|
Metro Pacific Investments Corp. |
|
|
180,000 |
|
|
|
12,369 |
|
PLDT, Inc. |
|
|
345 |
|
|
|
6,767 |
|
San Miguel Corp. |
|
|
6,450 |
|
|
|
20,886 |
|
SM Prime Holdings, Inc. |
|
|
27,600 |
|
|
|
22,908 |
|
Vista Land & Lifescapes, Inc. |
|
|
145,700 |
|
|
|
22,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
121,008 |
|
|
|
|
|
|
|
|
|
|
Poland0.0% |
|
|
|
|
|
Asseco Poland S.A. |
|
|
2,505 |
|
|
|
42,099 |
|
Ciech S.A. (k) |
|
|
570 |
|
|
|
5,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,058 |
|
|
|
|
|
|
|
|
|
|
Russian Federation0.0% |
|
|
|
|
|
Surgutneftegas PJSC ADR |
|
|
669 |
|
|
|
5,416 |
|
|
|
|
|
|
|
|
|
|
|
|
Singapore0.3% |
|
|
|
|
|
Accordia Golf Trust UNIT |
|
|
12,500 |
|
|
|
6,219 |
|
Asian Pay Television Trust UNIT |
|
|
118,900 |
|
|
|
14,941 |
|
CapitaLand Mall Trust REIT |
|
|
25,200 |
|
|
|
46,130 |
|
ComfortDelGro Corp. Ltd. |
|
|
11,400 |
|
|
|
20,171 |
|
Fortune Real Estate Investment Trust REIT |
|
|
22,000 |
|
|
|
25,669 |
|
Frasers Logistics & Industrial Trust REIT |
|
|
29,500 |
|
|
|
27,198 |
|
Keppel DC REIT |
|
|
16,500 |
|
|
|
25,529 |
|
Mapletree Commercial Trust REIT |
|
|
15,101 |
|
|
|
26,853 |
|
Oversea-Chinese Banking Corp., Ltd. |
|
|
4,400 |
|
|
|
35,995 |
|
Sheng Siong Group Ltd. |
|
|
5,100 |
|
|
|
4,702 |
|
Singapore Airlines Ltd. |
|
|
5,400 |
|
|
|
36,306 |
|
Sino Grandness Food Industry Group Ltd. (k) |
|
|
25,900 |
|
|
|
770 |
|
United Overseas Bank Ltd. |
|
|
1,300 |
|
|
|
25,567 |
|
Wilmar International Ltd. |
|
|
14,100 |
|
|
|
43,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
339,248 |
|
|
|
|
|
|
|
|
|
|
South Africa0.0% |
|
|
|
|
|
MultiChoice Group (k) |
|
|
1,465 |
|
|
|
12,205 |
|
Naspers Ltd., Class N |
|
|
132 |
|
|
|
21,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,807 |
|
|
|
|
|
|
|
|
|
|
Spain0.2% |
|
|
|
|
|
Amadeus IT Group S.A. |
|
|
463 |
|
|
|
37,918 |
|
Banco Santander S.A. |
|
|
10,779 |
|
|
|
45,194 |
|
CaixaBank S.A. |
|
|
5,873 |
|
|
|
18,494 |
|
Ebro Foods S.A. |
|
|
719 |
|
|
|
15,557 |
|
Iberdrola S.A. |
|
|
5,205 |
|
|
|
53,640 |
|
Inmobiliaria Colonial Socimi S.A. REIT |
|
|
410 |
|
|
|
5,233 |
|
International Consolidated Airlines Group S.A. |
|
|
3,380 |
|
|
|
27,967 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Lar Espana Real Estate Socimi S.A. REIT |
|
|
137 |
|
|
$ |
1,091 |
|
Repsol S.A. |
|
|
1,854 |
|
|
|
29,127 |
|
Telefonica S.A. |
|
|
3,499 |
|
|
|
24,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
258,690 |
|
|
|
|
|
|
|
|
|
|
Sweden0.2% |
|
|
|
|
|
BillerudKorsnas AB |
|
|
199 |
|
|
|
2,351 |
|
Castellum AB |
|
|
1,113 |
|
|
|
26,143 |
|
Dios Fastigheter AB |
|
|
1,811 |
|
|
|
16,595 |
|
Klovern AB, Class B |
|
|
10,072 |
|
|
|
24,692 |
|
Lundin Petroleum AB |
|
|
481 |
|
|
|
16,332 |
|
Nyfosa AB (k) |
|
|
2,956 |
|
|
|
25,563 |
|
Peab AB |
|
|
211 |
|
|
|
2,110 |
|
SSAB AB, Class A |
|
|
6,606 |
|
|
|
23,212 |
|
Swedbank AB, Class A |
|
|
1,713 |
|
|
|
25,465 |
|
Volvo AB, Class B |
|
|
2,905 |
|
|
|
48,633 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
211,096 |
|
|
|
|
|
|
|
|
|
|
Switzerland0.8% |
|
|
|
|
|
Alcon, Inc. (k) |
|
|
359 |
|
|
|
20,334 |
|
Amcor PLC (k) |
|
|
51 |
|
|
|
553 |
|
Baloise Holding AG |
|
|
201 |
|
|
|
36,378 |
|
Banque Cantonale Vaudoise |
|
|
10 |
|
|
|
8,163 |
|
Barry Callebaut AG |
|
|
18 |
|
|
|
39,735 |
|
Cembra Money Bank AG |
|
|
275 |
|
|
|
30,087 |
|
Implenia AG |
|
|
379 |
|
|
|
15,373 |
|
Intershop Holding AG |
|
|
24 |
|
|
|
14,031 |
|
Lonza Group AG (k) |
|
|
130 |
|
|
|
47,425 |
|
Nestle S.A. |
|
|
1,773 |
|
|
|
191,954 |
|
Novartis AG |
|
|
1,306 |
|
|
|
123,665 |
|
PSP Swiss Property AG |
|
|
214 |
|
|
|
29,548 |
|
Roche Holding AG |
|
|
304 |
|
|
|
98,801 |
|
Straumann Holding AG |
|
|
26 |
|
|
|
25,504 |
|
Sunrise Communications Group AG (b)(k) |
|
|
169 |
|
|
|
13,277 |
|
Swiss Life Holding AG |
|
|
201 |
|
|
|
100,836 |
|
Swiss Re AG |
|
|
467 |
|
|
|
52,464 |
|
Zurich Insurance Group AG |
|
|
408 |
|
|
|
167,361 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,015,489 |
|
|
|
|
|
|
|
|
|
|
Taiwan1.0% |
|
|
|
|
|
Asia Cement Corp. |
|
|
29,000 |
|
|
|
46,420 |
|
Chailease Holding Co., Ltd. |
|
|
4,556 |
|
|
|
21,002 |
|
Cheng Loong Corp. |
|
|
15,000 |
|
|
|
9,657 |
|
China Airlines Ltd. |
|
|
12,000 |
|
|
|
3,627 |
|
China Development Financial Holding Corp. |
|
|
86,000 |
|
|
|
27,933 |
|
China Metal Products |
|
|
8,000 |
|
|
|
8,381 |
|
China Motor Corp. |
|
|
4,000 |
|
|
|
5,223 |
|
China Petrochemical Development Corp. |
|
|
36,000 |
|
|
|
11,777 |
|
Chunghwa Telecom Co., Ltd. |
|
|
15,000 |
|
|
|
55,026 |
|
CTBC Financial Holding Co., Ltd. |
|
|
62,000 |
|
|
|
46,385 |
|
E.Sun Financial Holding Co., Ltd. |
|
|
77,000 |
|
|
|
71,758 |
|
Far Eastern New Century Corp. |
|
|
16,000 |
|
|
|
15,935 |
|
First Financial Holding Co., Ltd. |
|
|
141,322 |
|
|
|
111,825 |
|
Formosa Chemicals & Fibre Corp. |
|
|
6,000 |
|
|
|
17,530 |
|
Formosa Petrochemical Corp. |
|
|
16,000 |
|
|
|
52,039 |
|
Formosa Plastics Corp. |
|
|
13,000 |
|
|
|
43,295 |
|
Fulgent Sun International Holding Co., Ltd. |
|
|
2,000 |
|
|
|
8,955 |
|
Getac Technology Corp. |
|
|
13,000 |
|
|
|
20,272 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Global Mixed Mode Technology, Inc. |
|
|
4,000 |
|
|
$ |
16,888 |
|
Grand Pacific Petrochemical (k) |
|
|
32,000 |
|
|
|
19,869 |
|
Great Wall Enterprise Co., Ltd. |
|
|
25,450 |
|
|
|
37,064 |
|
HannStar Display Corp. |
|
|
124,000 |
|
|
|
33,491 |
|
Hon Hai Precision Industry Co., Ltd. |
|
|
200 |
|
|
|
607 |
|
Hua Nan Financial Holdings Co., Ltd. |
|
|
27,417 |
|
|
|
20,138 |
|
International CSRC Investment Holdings Co. |
|
|
14,690 |
|
|
|
15,380 |
|
King Yuan Electronics Co., Ltd. |
|
|
14,000 |
|
|
|
17,562 |
|
Lien Hwa Industrial Holdings Corp. |
|
|
30,750 |
|
|
|
37,850 |
|
Mega Financial Holding Co., Ltd. |
|
|
30,000 |
|
|
|
30,634 |
|
Nanya Technology Corp. |
|
|
11,000 |
|
|
|
30,784 |
|
Pou Chen Corp. |
|
|
18,000 |
|
|
|
23,546 |
|
Powertech Technology, Inc. |
|
|
20,000 |
|
|
|
66,564 |
|
President Chain Store Corp. |
|
|
4,000 |
|
|
|
40,619 |
|
Ruentex Development Co., Ltd. (k) |
|
|
14,000 |
|
|
|
21,128 |
|
Sinbon Electronics Co., Ltd. |
|
|
8,000 |
|
|
|
33,070 |
|
Sitronix Technology Corp. |
|
|
3,000 |
|
|
|
16,776 |
|
Taichung Commercial Bank Co., Ltd. |
|
|
27,352 |
|
|
|
10,940 |
|
Taiwan Business Bank |
|
|
46,776 |
|
|
|
19,677 |
|
Taiwan Cement Corp. |
|
|
14,000 |
|
|
|
20,421 |
|
Taiwan Cooperative Financial Holding Co., Ltd. |
|
|
22,836 |
|
|
|
15,806 |
|
Taiwan Fertilizer Co., Ltd. |
|
|
5,000 |
|
|
|
8,268 |
|
Taiwan Hon Chuan Enterprise Co., Ltd. |
|
|
5,000 |
|
|
|
10,354 |
|
Taiwan PCB Techvest Co., Ltd. |
|
|
5,000 |
|
|
|
6,097 |
|
Taiwan Semiconductor Manufacturing Co., Ltd. ADR |
|
|
579 |
|
|
|
33,640 |
|
Tripod Technology Corp. |
|
|
11,000 |
|
|
|
46,169 |
|
TXC Corp. |
|
|
15,000 |
|
|
|
23,695 |
|
Uni-President Enterprises Corp. |
|
|
7,000 |
|
|
|
17,359 |
|
United Microelectronics Corp. ADR |
|
|
11,269 |
|
|
|
30,201 |
|
United Renewable Energy Co., Ltd. (k) |
|
|
8,340 |
|
|
|
2,132 |
|
WT Microelectronics Co., Ltd. |
|
|
6,707 |
|
|
|
9,419 |
|
Yuanta Financial Holding Co., Ltd. |
|
|
89,000 |
|
|
|
59,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,353,187 |
|
|
|
|
|
|
|
|
|
|
Thailand0.3% |
|
|
|
|
|
Bangchak Corp. PCL (d)(f) |
|
|
23,900 |
|
|
|
22,319 |
|
Bangkok Bank PCL (d)(f) |
|
|
5,700 |
|
|
|
30,414 |
|
Bangkok Dusit Medical Services PCL (d)(f) |
|
|
20,400 |
|
|
|
17,681 |
|
Banpu PCL (d)(f) |
|
|
30,700 |
|
|
|
12,178 |
|
Electricity Generating PCL (d)(f) |
|
|
6,000 |
|
|
|
65,619 |
|
Intouch Holdings PCL (d)(f) |
|
|
16,000 |
|
|
|
30,549 |
|
Kiatnakin Bank PCL (d)(f) |
|
|
13,000 |
|
|
|
28,620 |
|
PTT Global Chemical PCL (d)(f) |
|
|
9,500 |
|
|
|
18,051 |
|
PTT PCL (d)(f) |
|
|
28,600 |
|
|
|
41,965 |
|
Siam Cement PCL (d)(f) |
|
|
2,800 |
|
|
|
36,597 |
|
Sri Trang Agro-Industry PCL (d)(f) |
|
|
8,200 |
|
|
|
2,733 |
|
Thai Oil PCL (d)(f) |
|
|
3,600 |
|
|
|
8,368 |
|
Thanachart Capital PCL (d)(f) |
|
|
14,700 |
|
|
|
26,228 |
|
Tisco Financial Group PCL (d)(f) |
|
|
21,400 |
|
|
|
70,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
412,170 |
|
|
|
|
|
|
|
|
|
|
Turkey0.1% |
|
|
|
|
|
Akbank T.A.S. (k) |
|
|
15,357 |
|
|
|
20,918 |
|
Dogus Otomotiv Servis ve Ticaret AS |
|
|
909 |
|
|
|
1,454 |
|
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT |
|
|
83,530 |
|
|
|
20,497 |
|
Eregli Demir ve Celik Fabrikalari T.A.S |
|
|
16,304 |
|
|
|
24,761 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Haci Omer Sabanci Holding A/S |
|
|
11,056 |
|
|
$ |
17,732 |
|
Soda Sanayii AS |
|
|
19,097 |
|
|
|
19,838 |
|
TAV Havalimanlari Holding AS |
|
|
3,514 |
|
|
|
17,224 |
|
Trakya Cam Sanayii AS |
|
|
39,048 |
|
|
|
22,958 |
|
Tupras Turkiye Petrol Rafinerileri AS |
|
|
58 |
|
|
|
1,236 |
|
Turk Hava Yollari AO (k) |
|
|
8,973 |
|
|
|
21,797 |
|
Yatas Yatak ve Yorgan Sanayi ve Ticaret AS (k) |
|
|
10,405 |
|
|
|
12,830 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
181,245 |
|
|
|
|
|
|
|
|
|
|
United Kingdom0.9% |
|
|
|
|
|
Alliance Pharma PLC |
|
|
21,726 |
|
|
|
24,135 |
|
Anglo American PLC |
|
|
1,948 |
|
|
|
55,962 |
|
Aviva PLC |
|
|
5,094 |
|
|
|
28,274 |
|
Berkeley Group Holdings PLC |
|
|
374 |
|
|
|
24,071 |
|
BP PLC |
|
|
15,864 |
|
|
|
99,797 |
|
British American Tobacco PLC |
|
|
549 |
|
|
|
23,334 |
|
Costain Group PLC |
|
|
6,064 |
|
|
|
12,804 |
|
Diageo PLC |
|
|
1,340 |
|
|
|
56,463 |
|
easyJet PLC |
|
|
1,091 |
|
|
|
20,551 |
|
Equiniti Group PLC (b) |
|
|
5,801 |
|
|
|
15,860 |
|
Ferrexpo PLC |
|
|
6,007 |
|
|
|
12,640 |
|
Gamma Communications PLC |
|
|
1,603 |
|
|
|
28,240 |
|
Highland Gold Mining Ltd. |
|
|
5,782 |
|
|
|
14,943 |
|
HSBC Holdings PLC |
|
|
4,825 |
|
|
|
37,772 |
|
Informa PLC |
|
|
2,837 |
|
|
|
32,267 |
|
J Sainsbury PLC |
|
|
4,802 |
|
|
|
14,642 |
|
Johnson Service Group PLC |
|
|
8,414 |
|
|
|
21,845 |
|
Keller Group PLC |
|
|
2,052 |
|
|
|
20,353 |
|
Legal & General Group PLC |
|
|
9,317 |
|
|
|
37,427 |
|
Lloyds Banking Group PLC |
|
|
53,120 |
|
|
|
44,006 |
|
Marstons PLC |
|
|
19,873 |
|
|
|
33,484 |
|
Micro Focus International PLC |
|
|
134 |
|
|
|
1,881 |
|
Morgan Sindall Group PLC |
|
|
1,238 |
|
|
|
26,566 |
|
National Express Group PLC |
|
|
4,352 |
|
|
|
27,125 |
|
Plus500 Ltd. |
|
|
1,710 |
|
|
|
20,068 |
|
Primary Health Properties PLC REIT |
|
|
4,727 |
|
|
|
10,018 |
|
Reach PLC |
|
|
3,803 |
|
|
|
6,871 |
|
Regional REIT Ltd. REIT (b) |
|
|
5,398 |
|
|
|
8,084 |
|
Rio Tinto PLC |
|
|
971 |
|
|
|
57,478 |
|
Royal Dutch Shell PLC, Class A |
|
|
4,402 |
|
|
|
130,140 |
|
Royal Dutch Shell PLC, Class B |
|
|
2,377 |
|
|
|
70,558 |
|
Standard Life Aberdeen PLC |
|
|
7,058 |
|
|
|
30,707 |
|
Tate & Lyle PLC |
|
|
1,634 |
|
|
|
16,464 |
|
Taylor Wimpey PLC |
|
|
10,664 |
|
|
|
27,343 |
|
TUI AG |
|
|
1,661 |
|
|
|
20,962 |
|
Unilever PLC |
|
|
831 |
|
|
|
47,569 |
|
Valaris PLC (k) |
|
|
195 |
|
|
|
1,279 |
|
Venator Materials PLC (k) |
|
|
2,225 |
|
|
|
8,522 |
|
Vesuvius PLC |
|
|
2,106 |
|
|
|
13,948 |
|
Virgin Money UK PLC |
|
|
1,098 |
|
|
|
2,741 |
|
Vodafone Group PLC |
|
|
30,052 |
|
|
|
58,342 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,245,536 |
|
|
|
|
|
|
|
|
|
|
United States15.5% |
|
|
|
|
|
Abbott Laboratories |
|
|
914 |
|
|
|
79,390 |
|
AbbVie, Inc. |
|
|
629 |
|
|
|
55,692 |
|
ABIOMED, Inc. (k) |
|
|
97 |
|
|
|
16,547 |
|
Accenture PLC, Class A |
|
|
173 |
|
|
|
36,429 |
|
Activision Blizzard, Inc. |
|
|
514 |
|
|
|
30,542 |
|
Adobe, Inc. (k) |
|
|
265 |
|
|
|
87,400 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
AES Corp. |
|
|
3,958 |
|
|
$ |
78,764 |
|
Aflac, Inc. |
|
|
2,181 |
|
|
|
115,375 |
|
AG Mortgage Investment Trust, Inc. REIT |
|
|
2,536 |
|
|
|
39,105 |
|
Agilent Technologies, Inc. |
|
|
479 |
|
|
|
40,863 |
|
AGNC Investment Corp. REIT |
|
|
4,498 |
|
|
|
79,525 |
|
Align Technology, Inc. (k) |
|
|
145 |
|
|
|
40,461 |
|
Alleghany Corp. (k) |
|
|
73 |
|
|
|
58,369 |
|
Allstate Corp. |
|
|
1,641 |
|
|
|
184,530 |
|
Ally Financial, Inc. |
|
|
592 |
|
|
|
18,092 |
|
Alphabet, Inc., Class A (k) |
|
|
112 |
|
|
|
150,012 |
|
Alphabet, Inc., Class C (k) |
|
|
102 |
|
|
|
136,376 |
|
Altria Group, Inc. |
|
|
1,119 |
|
|
|
55,849 |
|
Amazon.com, Inc. (k) |
|
|
260 |
|
|
|
480,438 |
|
Amdocs Ltd. |
|
|
297 |
|
|
|
21,440 |
|
Ameren Corp. |
|
|
710 |
|
|
|
54,528 |
|
American Electric Power Co., Inc. |
|
|
896 |
|
|
|
84,681 |
|
American Equity Investment Life Holding Co. |
|
|
899 |
|
|
|
26,907 |
|
American Express Co. |
|
|
711 |
|
|
|
88,512 |
|
American Financial Group, Inc. |
|
|
329 |
|
|
|
36,075 |
|
American Tower Corp. REIT |
|
|
92 |
|
|
|
21,143 |
|
AMETEK, Inc. |
|
|
472 |
|
|
|
47,077 |
|
Amgen, Inc. |
|
|
265 |
|
|
|
63,884 |
|
Annaly Capital Management, Inc. REIT |
|
|
8,360 |
|
|
|
78,751 |
|
Antero Resources Corp. (k) |
|
|
4,279 |
|
|
|
12,195 |
|
Anthem, Inc. |
|
|
620 |
|
|
|
187,259 |
|
Anworth Mortgage Asset Corp. REIT |
|
|
837 |
|
|
|
2,946 |
|
Apollo Commercial Real Estate Finance, Inc. REIT |
|
|
1,173 |
|
|
|
21,454 |
|
Apollo Investment Corp. |
|
|
302 |
|
|
|
5,273 |
|
Apple, Inc. |
|
|
2,316 |
|
|
|
680,093 |
|
Archer-Daniels-Midland Co. |
|
|
1,177 |
|
|
|
54,554 |
|
Ares Commercial Real Estate Corp. REIT |
|
|
1,266 |
|
|
|
20,053 |
|
ASGN, Inc. (k) |
|
|
64 |
|
|
|
4,542 |
|
AT&T, Inc. |
|
|
9,683 |
|
|
|
378,412 |
|
Athene Holding Ltd., Class A (k) |
|
|
982 |
|
|
|
46,183 |
|
Atmos Energy Corp. |
|
|
59 |
|
|
|
6,600 |
|
Automatic Data Processing, Inc. |
|
|
447 |
|
|
|
76,213 |
|
AutoZone, Inc. (k) |
|
|
133 |
|
|
|
158,444 |
|
AvalonBay Communities, Inc. REIT |
|
|
199 |
|
|
|
41,730 |
|
Avnet, Inc. |
|
|
894 |
|
|
|
37,941 |
|
AXA Equitable Holdings, Inc. |
|
|
1,203 |
|
|
|
29,810 |
|
Bank of America Corp. |
|
|
4,150 |
|
|
|
146,163 |
|
Baxter International, Inc. |
|
|
513 |
|
|
|
42,897 |
|
Becton Dickinson and Co. |
|
|
204 |
|
|
|
55,482 |
|
Berkshire Hathaway, Inc., Class B (k) |
|
|
417 |
|
|
|
94,450 |
|
Best Buy Co., Inc. |
|
|
523 |
|
|
|
45,919 |
|
BGC Partners, Inc., Class A |
|
|
2,480 |
|
|
|
14,731 |
|
Boeing Co. |
|
|
362 |
|
|
|
117,925 |
|
Booz Allen Hamilton Holding Corp. |
|
|
475 |
|
|
|
33,787 |
|
BorgWarner, Inc. |
|
|
384 |
|
|
|
16,658 |
|
Boston Beer Co., Inc., Class A (k) |
|
|
65 |
|
|
|
24,560 |
|
Boston Scientific Corp. (k) |
|
|
2,526 |
|
|
|
114,226 |
|
Bright Horizons Family Solutions, Inc. (k) |
|
|
224 |
|
|
|
33,665 |
|
Bristol-Myers Squibb Co. |
|
|
954 |
|
|
|
61,237 |
|
Broadridge Financial Solutions, Inc. |
|
|
431 |
|
|
|
53,246 |
|
CAI International, Inc. (k) |
|
|
1,054 |
|
|
|
30,545 |
|
Carnival Corp. |
|
|
719 |
|
|
|
36,547 |
|
Caseys General Stores, Inc. |
|
|
120 |
|
|
|
19,079 |
|
Caterpillar, Inc. |
|
|
356 |
|
|
|
52,574 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
CBTX, Inc. |
|
|
653 |
|
|
$ |
20,321 |
|
CDW Corp. |
|
|
510 |
|
|
|
72,848 |
|
Celanese Corp. |
|
|
234 |
|
|
|
28,810 |
|
Centene Corp. (k) |
|
|
411 |
|
|
|
25,840 |
|
Chemed Corp. |
|
|
65 |
|
|
|
28,552 |
|
Chevron Corp. |
|
|
708 |
|
|
|
85,321 |
|
Chimera Investment Corp. REIT |
|
|
975 |
|
|
|
20,046 |
|
Chipotle Mexican Grill, Inc. (k) |
|
|
63 |
|
|
|
52,738 |
|
Church & Dwight Co., Inc. |
|
|
605 |
|
|
|
42,556 |
|
Cigna Corp. |
|
|
173 |
|
|
|
35,377 |
|
Cincinnati Financial Corp. |
|
|
313 |
|
|
|
32,912 |
|
Cisco Systems, Inc. |
|
|
5,972 |
|
|
|
286,417 |
|
Citi Trends, Inc. |
|
|
639 |
|
|
|
14,774 |
|
Citigroup, Inc. |
|
|
1,360 |
|
|
|
108,650 |
|
Citizens Financial Group, Inc. |
|
|
677 |
|
|
|
27,493 |
|
CMS Energy Corp. |
|
|
642 |
|
|
|
40,343 |
|
Coca-Cola Co. |
|
|
1,820 |
|
|
|
100,737 |
|
Comcast Corp., Class A |
|
|
3,636 |
|
|
|
163,511 |
|
Conagra Brands, Inc. |
|
|
1,348 |
|
|
|
46,156 |
|
ConocoPhillips |
|
|
1,107 |
|
|
|
71,988 |
|
Consolidated Edison, Inc. |
|
|
1,842 |
|
|
|
166,646 |
|
Constellation Brands, Inc., Class A |
|
|
239 |
|
|
|
45,350 |
|
Costco Wholesale Corp. |
|
|
851 |
|
|
|
250,126 |
|
Coty, Inc., Class A |
|
|
2,013 |
|
|
|
22,646 |
|
Crown Castle International Corp. REIT |
|
|
352 |
|
|
|
50,037 |
|
CSX Corp. |
|
|
622 |
|
|
|
45,008 |
|
Cushman & Wakefield PLC (k) |
|
|
902 |
|
|
|
18,437 |
|
CVS Health Corp. |
|
|
1,210 |
|
|
|
89,891 |
|
Dana, Inc. |
|
|
894 |
|
|
|
16,271 |
|
Danaher Corp. |
|
|
472 |
|
|
|
72,443 |
|
Darden Restaurants, Inc. |
|
|
259 |
|
|
|
28,234 |
|
Dime Community Bancshares, Inc. |
|
|
279 |
|
|
|
5,828 |
|
DTE Energy Co. |
|
|
479 |
|
|
|
62,208 |
|
Duke Energy Corp. |
|
|
1,873 |
|
|
|
170,836 |
|
Dynex Capital, Inc. REIT |
|
|
1,182 |
|
|
|
20,023 |
|
Eastman Chemical Co. |
|
|
525 |
|
|
|
41,611 |
|
Eaton Corp. PLC |
|
|
904 |
|
|
|
85,627 |
|
Edison International |
|
|
347 |
|
|
|
26,167 |
|
Eli Lilly & Co. |
|
|
1,384 |
|
|
|
181,899 |
|
Ellington Financial, Inc. |
|
|
890 |
|
|
|
16,314 |
|
Encompass Health Corp. |
|
|
670 |
|
|
|
46,411 |
|
Ennis, Inc. |
|
|
415 |
|
|
|
8,985 |
|
Entergy Corp. |
|
|
1,169 |
|
|
|
140,046 |
|
EOG Resources, Inc. |
|
|
566 |
|
|
|
47,408 |
|
Equinix, Inc. REIT |
|
|
7 |
|
|
|
4,086 |
|
Equity LifeStyle Properties, Inc. REIT |
|
|
544 |
|
|
|
38,292 |
|
Equity Residential REIT |
|
|
651 |
|
|
|
52,679 |
|
Essex Property Trust, Inc. REIT |
|
|
182 |
|
|
|
54,757 |
|
Estee Lauder Cos., Inc., Class A |
|
|
207 |
|
|
|
42,754 |
|
Exelon Corp. |
|
|
1,634 |
|
|
|
74,494 |
|
Exxon Mobil Corp. |
|
|
1,351 |
|
|
|
94,273 |
|
Facebook, Inc., Class A (k) |
|
|
1,307 |
|
|
|
268,262 |
|
FedEx Corp. |
|
|
113 |
|
|
|
17,087 |
|
First NBC Bank Holding Co. (k) |
|
|
1,041 |
|
|
|
18 |
|
FLIR Systems, Inc. |
|
|
544 |
|
|
|
28,326 |
|
Fortinet, Inc. (k) |
|
|
329 |
|
|
|
35,124 |
|
frontdoor, Inc. (k) |
|
|
542 |
|
|
|
25,702 |
|
FTI Consulting, Inc. (k) |
|
|
229 |
|
|
|
25,341 |
|
Garmin Ltd. |
|
|
419 |
|
|
|
40,878 |
|
General Mills, Inc. |
|
|
1,247 |
|
|
|
66,789 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
General Motors Co. |
|
|
1,978 |
|
|
$ |
72,395 |
|
German American Bancorp, Inc. |
|
|
67 |
|
|
|
2,387 |
|
Global Payments, Inc. |
|
|
215 |
|
|
|
39,250 |
|
Globus Medical, Inc., Class A (k) |
|
|
406 |
|
|
|
23,905 |
|
GMS, Inc. (k) |
|
|
771 |
|
|
|
20,879 |
|
Granite Point Mortgage Trust, Inc. REIT |
|
|
160 |
|
|
|
2,941 |
|
Haemonetics Corp. (k) |
|
|
144 |
|
|
|
16,546 |
|
Hartford Financial Services Group, Inc. |
|
|
1,159 |
|
|
|
70,432 |
|
HCA Healthcare, Inc. |
|
|
470 |
|
|
|
69,471 |
|
HEICO Corp., Class A |
|
|
312 |
|
|
|
27,933 |
|
Hershey Co. |
|
|
444 |
|
|
|
65,259 |
|
Hewlett Packard Enterprise Co. |
|
|
2,462 |
|
|
|
39,047 |
|
HollyFrontier Corp. |
|
|
503 |
|
|
|
25,507 |
|
Home Depot, Inc. |
|
|
327 |
|
|
|
71,410 |
|
Honeywell International, Inc. |
|
|
632 |
|
|
|
111,864 |
|
Horizon Therapeutics PLC (k) |
|
|
462 |
|
|
|
16,724 |
|
HP, Inc. |
|
|
3,359 |
|
|
|
69,027 |
|
Humana, Inc. |
|
|
327 |
|
|
|
119,852 |
|
Illumina, Inc. (k) |
|
|
239 |
|
|
|
79,286 |
|
Insight Enterprises, Inc. (k) |
|
|
12 |
|
|
|
843 |
|
Intel Corp. |
|
|
3,788 |
|
|
|
226,712 |
|
Intuit, Inc. |
|
|
314 |
|
|
|
82,246 |
|
Intuitive Surgical, Inc. (k) |
|
|
393 |
|
|
|
232,322 |
|
Invesco Ltd. |
|
|
257 |
|
|
|
4,621 |
|
Invesco Mortgage Capital, Inc. REIT |
|
|
2,618 |
|
|
|
43,590 |
|
Jacobs Engineering Group, Inc. |
|
|
245 |
|
|
|
22,008 |
|
Johnson & Johnson |
|
|
2,593 |
|
|
|
378,241 |
|
JPMorgan Chase & Co. |
|
|
1,780 |
|
|
|
248,132 |
|
Kellogg Co. |
|
|
248 |
|
|
|
17,152 |
|
Kimberly-Clark Corp. |
|
|
750 |
|
|
|
103,162 |
|
Kohls Corp. |
|
|
390 |
|
|
|
19,871 |
|
Korn Ferry |
|
|
504 |
|
|
|
21,370 |
|
Laboratory Corp. of America Holdings (k) |
|
|
250 |
|
|
|
42,292 |
|
Lam Research Corp. |
|
|
84 |
|
|
|
24,562 |
|
Lear Corp. |
|
|
208 |
|
|
|
28,538 |
|
Leidos Holdings, Inc. |
|
|
419 |
|
|
|
41,016 |
|
Lockheed Martin Corp. |
|
|
357 |
|
|
|
139,009 |
|
Lululemon Athletica, Inc. (k) |
|
|
318 |
|
|
|
73,671 |
|
LyondellBasell Industries NV, Class A |
|
|
265 |
|
|
|
25,037 |
|
Macys, Inc. |
|
|
1,214 |
|
|
|
20,638 |
|
Manhattan Associates, Inc. (k) |
|
|
85 |
|
|
|
6,779 |
|
ManTech International Corp., Class A |
|
|
793 |
|
|
|
63,345 |
|
Marathon Petroleum Corp. |
|
|
571 |
|
|
|
34,403 |
|
MarineMax, Inc. (k) |
|
|
1,364 |
|
|
|
22,765 |
|
Marsh & McLennan Cos., Inc. |
|
|
211 |
|
|
|
23,508 |
|
Marvell Technology Group Ltd. |
|
|
180 |
|
|
|
4,781 |
|
Mastercard, Inc., Class A |
|
|
1,158 |
|
|
|
345,767 |
|
MasterCraft Boat Holdings, Inc. (k) |
|
|
862 |
|
|
|
13,577 |
|
McDonalds Corp. |
|
|
1,492 |
|
|
|
294,834 |
|
McGrath RentCorp |
|
|
475 |
|
|
|
36,357 |
|
MDC Holdings, Inc. |
|
|
490 |
|
|
|
18,698 |
|
Mercer International, Inc. |
|
|
1,404 |
|
|
|
17,269 |
|
Merck & Co., Inc. |
|
|
4,673 |
|
|
|
425,009 |
|
Merit Medical Systems, Inc. (k) |
|
|
544 |
|
|
|
16,984 |
|
MFA Financial, Inc. REIT |
|
|
3,113 |
|
|
|
23,814 |
|
Micron Technology, Inc. (k) |
|
|
1,052 |
|
|
|
56,577 |
|
Microsoft Corp. |
|
|
4,127 |
|
|
|
650,828 |
|
Morningstar, Inc. |
|
|
74 |
|
|
|
11,197 |
|
Motorola Solutions, Inc. |
|
|
264 |
|
|
|
42,541 |
|
NetApp, Inc. |
|
|
821 |
|
|
|
51,107 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Netflix, Inc. (k) |
|
|
278 |
|
|
$ |
89,952 |
|
New Residential Investment Corp. REIT |
|
|
943 |
|
|
|
15,192 |
|
Newmark Group, Inc., Class A |
|
|
1,670 |
|
|
|
22,470 |
|
NextEra Energy, Inc. |
|
|
205 |
|
|
|
49,643 |
|
NIKE, Inc., Class B |
|
|
736 |
|
|
|
74,564 |
|
Norfolk Southern Corp. |
|
|
250 |
|
|
|
48,532 |
|
Northern Oil and Gas, Inc. (k) |
|
|
5,709 |
|
|
|
13,359 |
|
Northrop Grumman Corp. |
|
|
260 |
|
|
|
89,432 |
|
NVIDIA Corp. |
|
|
331 |
|
|
|
77,884 |
|
NVR, Inc. (k) |
|
|
12 |
|
|
|
45,701 |
|
OReilly Automotive, Inc. (k) |
|
|
268 |
|
|
|
117,454 |
|
Occidental Petroleum Corp. |
|
|
1,567 |
|
|
|
64,576 |
|
Old Dominion Freight Line, Inc. |
|
|
321 |
|
|
|
60,919 |
|
Old Republic International Corp. |
|
|
1,514 |
|
|
|
33,868 |
|
Ollies Bargain Outlet Holdings, Inc. (k) |
|
|
202 |
|
|
|
13,193 |
|
Omega Healthcare Investors, Inc. REIT |
|
|
615 |
|
|
|
26,045 |
|
Oracle Corp. |
|
|
1,546 |
|
|
|
81,907 |
|
Owens Corning |
|
|
331 |
|
|
|
21,555 |
|
PACCAR, Inc. |
|
|
1,056 |
|
|
|
83,530 |
|
Paychex, Inc. |
|
|
480 |
|
|
|
40,829 |
|
PBF Energy, Inc., Class A |
|
|
586 |
|
|
|
18,383 |
|
PepsiCo, Inc. |
|
|
1,333 |
|
|
|
182,181 |
|
Pfizer, Inc. |
|
|
6,408 |
|
|
|
251,065 |
|
Phillips 66 |
|
|
334 |
|
|
|
37,211 |
|
Pinnacle West Capital Corp. |
|
|
431 |
|
|
|
38,760 |
|
Planet Fitness, Inc., Class A (k) |
|
|
217 |
|
|
|
16,206 |
|
PNC Financial Services Group, Inc. |
|
|
597 |
|
|
|
95,299 |
|
Portland General Electric Co. |
|
|
487 |
|
|
|
27,170 |
|
Procter & Gamble Co. |
|
|
2,776 |
|
|
|
346,722 |
|
Progressive Corp. |
|
|
2,272 |
|
|
|
164,470 |
|
Prospect Capital Corp. |
|
|
3,921 |
|
|
|
25,251 |
|
Prudential Financial, Inc. |
|
|
432 |
|
|
|
40,496 |
|
PS Business Parks, Inc. REIT |
|
|
157 |
|
|
|
25,885 |
|
Public Storage REIT |
|
|
135 |
|
|
|
28,750 |
|
PulteGroup, Inc. |
|
|
955 |
|
|
|
37,054 |
|
QCR Holdings, Inc. |
|
|
90 |
|
|
|
3,947 |
|
Quest Diagnostics, Inc. |
|
|
530 |
|
|
|
56,599 |
|
RadNet, Inc. (k) |
|
|
1,509 |
|
|
|
30,633 |
|
Ralph Lauren Corp. |
|
|
182 |
|
|
|
21,334 |
|
Raytheon Co. |
|
|
166 |
|
|
|
36,477 |
|
Realty Income Corp. REIT |
|
|
541 |
|
|
|
39,834 |
|
Reinsurance Group of America, Inc. |
|
|
320 |
|
|
|
52,179 |
|
Reliance Steel & Aluminum Co. |
|
|
163 |
|
|
|
19,521 |
|
RenaissanceRe Holdings Ltd. |
|
|
400 |
|
|
|
78,408 |
|
Republic Services, Inc. |
|
|
828 |
|
|
|
74,214 |
|
Retail Properties of America, Inc., Class A REIT |
|
|
2,152 |
|
|
|
28,837 |
|
Ross Stores, Inc. |
|
|
1,302 |
|
|
|
151,579 |
|
Royal Caribbean Cruises Ltd. |
|
|
185 |
|
|
|
24,699 |
|
S&P Global, Inc. |
|
|
121 |
|
|
|
33,039 |
|
Sabre Corp. |
|
|
1,110 |
|
|
|
24,908 |
|
Salesforce.com, Inc. (k) |
|
|
673 |
|
|
|
109,457 |
|
Santander Consumer USA Holdings, Inc. |
|
|
672 |
|
|
|
15,705 |
|
Shockwave Medical, Inc. (k) |
|
|
511 |
|
|
|
22,443 |
|
Simply Good Foods Co. (k) |
|
|
1,064 |
|
|
|
30,367 |
|
Southern Co. |
|
|
868 |
|
|
|
55,292 |
|
SP Plus Corp. (k) |
|
|
603 |
|
|
|
25,585 |
|
SS&C Technologies Holdings, Inc. |
|
|
885 |
|
|
|
54,339 |
|
Starbucks Corp. |
|
|
2,122 |
|
|
|
186,566 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
STORE Capital Corp. REIT |
|
|
175 |
|
|
$ |
6,517 |
|
Stryker Corp. |
|
|
297 |
|
|
|
62,352 |
|
Superior Industries International, Inc. |
|
|
3,587 |
|
|
|
13,236 |
|
Synovus Financial Corp. |
|
|
585 |
|
|
|
22,932 |
|
Sysco Corp. |
|
|
1,273 |
|
|
|
108,892 |
|
T Rowe Price Group, Inc. |
|
|
308 |
|
|
|
37,527 |
|
T-Mobile U.S., Inc. (k) |
|
|
726 |
|
|
|
56,933 |
|
Target Corp. |
|
|
1,111 |
|
|
|
142,441 |
|
TCG BDC, Inc. |
|
|
821 |
|
|
|
10,985 |
|
TE Connectivity Ltd. |
|
|
401 |
|
|
|
38,432 |
|
Tenneco, Inc. Class A |
|
|
1,049 |
|
|
|
13,742 |
|
Texas Instruments, Inc. |
|
|
449 |
|
|
|
57,602 |
|
Thermo Fisher Scientific, Inc. |
|
|
450 |
|
|
|
146,191 |
|
TJX Cos., Inc. |
|
|
2,686 |
|
|
|
164,007 |
|
Toll Brothers, Inc. |
|
|
382 |
|
|
|
15,093 |
|
TPG RE Finance Trust, Inc. REIT |
|
|
321 |
|
|
|
6,507 |
|
Tractor Supply Co. |
|
|
324 |
|
|
|
30,275 |
|
Tyson Foods, Inc., Class A |
|
|
1,082 |
|
|
|
98,505 |
|
Union Pacific Corp. |
|
|
567 |
|
|
|
102,508 |
|
United Rentals, Inc. (k) |
|
|
194 |
|
|
|
32,353 |
|
United Therapeutics Corp. (k) |
|
|
255 |
|
|
|
22,460 |
|
UnitedHealth Group, Inc. |
|
|
1,191 |
|
|
|
350,130 |
|
Unum Group |
|
|
828 |
|
|
|
24,144 |
|
Valley National Bancorp |
|
|
201 |
|
|
|
2,301 |
|
Verint Systems, Inc. (k) |
|
|
257 |
|
|
|
14,228 |
|
Verizon Communications, Inc. |
|
|
5,442 |
|
|
|
334,139 |
|
Verso Corp., Class A (k) |
|
|
983 |
|
|
|
17,723 |
|
ViacomCBS, Inc., Class B |
|
|
531 |
|
|
|
22,286 |
|
Visa, Inc., Class A |
|
|
956 |
|
|
|
179,632 |
|
Vishay Intertechnology, Inc. |
|
|
1,096 |
|
|
|
23,334 |
|
Vistra Energy Corp. |
|
|
1,395 |
|
|
|
32,071 |
|
Voya Financial, Inc. |
|
|
537 |
|
|
|
32,746 |
|
Walgreens Boots Alliance, Inc. |
|
|
924 |
|
|
|
54,479 |
|
Walmart, Inc. |
|
|
728 |
|
|
|
86,516 |
|
Walt Disney Co. |
|
|
157 |
|
|
|
22,707 |
|
Waste Management, Inc. |
|
|
2,138 |
|
|
|
243,646 |
|
Waterstone Financial, Inc. |
|
|
1,032 |
|
|
|
19,639 |
|
WEC Energy Group, Inc. |
|
|
1,599 |
|
|
|
147,476 |
|
WellCare Health Plans, Inc. (k) |
|
|
189 |
|
|
|
62,410 |
|
Wells Fargo & Co. |
|
|
604 |
|
|
|
32,495 |
|
Western Asset Mortgage Capital Corp. REIT |
|
|
3,115 |
|
|
|
32,178 |
|
Windstream Holdings, Inc. (k) |
|
|
294 |
|
|
|
26 |
|
WW International, Inc. (k) |
|
|
328 |
|
|
|
12,533 |
|
Xcel Energy, Inc. |
|
|
2,371 |
|
|
|
150,535 |
|
Xenia Hotels & Resorts, Inc. REIT |
|
|
666 |
|
|
|
14,392 |
|
Yum! Brands, Inc. |
|
|
283 |
|
|
|
28,507 |
|
Zebra Technologies Corp., Class A (k) |
|
|
65 |
|
|
|
16,604 |
|
Zoetis, Inc. |
|
|
903 |
|
|
|
119,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,643,493 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$32,197,659) |
|
|
|
39,339,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
|
CORPORATE BONDS & NOTES25.9% |
|
|
|
|
|
|
|
Belgium0.2% |
|
|
|
|
|
Anheuser-Busch InBev Finance, Inc., |
|
|
|
|
|
|
|
|
3.65%, 2/1/26 |
|
$ |
255 |
|
|
|
270,705 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Canada0.3% |
|
|
|
|
|
Cenovus Energy, Inc., |
|
|
|
|
|
|
|
|
4.25%, 4/15/27 |
|
$ |
230 |
|
|
$ |
243,897 |
|
6.75%, 11/15/39 |
|
|
125 |
|
|
|
159,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
402,902 |
|
|
|
|
|
|
|
|
|
|
Luxembourg0.5% |
|
|
|
|
|
Allergan Funding SCS, |
|
|
|
|
|
|
|
|
3.85%, 6/15/24 |
|
|
155 |
|
|
|
163,000 |
|
DH Europe Finance II Sarl, |
|
|
|
|
|
|
|
|
2.05%, 11/15/22 |
|
|
449 |
|
|
|
449,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
612,916 |
|
|
|
|
|
|
|
|
|
|
Puerto Rico0.3% |
|
|
|
|
|
Popular, Inc., |
|
|
|
|
|
|
|
|
6.125%, 9/14/23 |
|
|
405 |
|
|
|
437,062 |
|
|
|
|
|
|
|
|
|
|
|
|
Switzerland0.2% |
|
|
|
|
|
Credit Suisse Group AG (converts to FRN on 8/1/26) (a)(b)(e)(i), |
|
|
|
|
|
|
|
|
6.375%, 8/1/26 |
|
|
200 |
|
|
|
216,100 |
|
|
|
|
|
|
|
|
|
|
|
|
United States24.4% |
|
|
|
|
|
3M Co., |
|
|
|
|
|
|
|
|
3.25%, 8/26/49 |
|
|
155 |
|
|
|
150,664 |
|
AbbVie, Inc. (a)(b), |
|
|
|
|
|
|
|
|
2.60%, 11/21/24 |
|
|
227 |
|
|
|
228,821 |
|
4.05%, 11/21/39 |
|
|
200 |
|
|
|
209,748 |
|
Alabama Power Co., |
|
|
|
|
|
|
|
|
2.80%, 4/1/25 |
|
|
445 |
|
|
|
454,520 |
|
4.10%, 1/15/42 |
|
|
120 |
|
|
|
128,999 |
|
Allergan Finance LLC, |
|
|
|
|
|
|
|
|
3.25%, 10/1/22 |
|
|
86 |
|
|
|
87,890 |
|
Allergan Sales LLC (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 12/15/21 |
|
|
145 |
|
|
|
151,793 |
|
Amazon.com, Inc., |
|
|
|
|
|
|
|
|
3.875%, 8/22/37 |
|
|
105 |
|
|
|
119,505 |
|
American Express Co., |
|
|
|
|
|
|
|
|
2.50%, 7/30/24 |
|
|
240 |
|
|
|
242,786 |
|
8.15%, 3/19/38 |
|
|
120 |
|
|
|
192,592 |
|
Apple, Inc., |
|
|
|
|
|
|
|
|
2.20%, 9/11/29 |
|
|
100 |
|
|
|
98,147 |
|
4.50%, 2/23/36 |
|
|
195 |
|
|
|
236,845 |
|
AT&T, Inc., |
|
|
|
|
|
|
|
|
3.80%, 3/15/22 |
|
|
495 |
|
|
|
513,797 |
|
4.85%, 3/1/39 |
|
|
300 |
|
|
|
346,462 |
|
Bank of America Corp. (i), |
|
|
|
|
|
|
|
|
2.881%, 4/24/23 (converts to FRN on 4/24/22) |
|
|
695 |
|
|
|
706,901 |
|
2.884%, 10/22/30 (converts to FRN on 10/22/29) |
|
|
244 |
|
|
|
246,817 |
|
3 mo. USD-LIBOR + 1.180%, 3.146%, 10/21/22 |
|
|
210 |
|
|
|
214,887 |
|
3.366%, 1/23/26 (converts to FRN on 1/23/25) |
|
|
150 |
|
|
|
156,960 |
|
4.33%, 3/15/50 (converts to FRN on 3/15/49) |
|
|
175 |
|
|
|
209,856 |
|
Becton Dickinson and Co., |
|
|
|
|
|
|
|
|
2.894%, 6/6/22 |
|
|
725 |
|
|
|
737,013 |
|
Berkshire Hathaway Finance Corp., |
|
|
|
|
|
|
|
|
4.25%, 1/15/49 |
|
|
170 |
|
|
|
201,043 |
|
Boeing Co., |
|
|
|
|
|
|
|
|
2.95%, 2/1/30 |
|
|
480 |
|
|
|
491,152 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Boston Gas Co. (a)(b), |
|
|
|
|
|
|
|
|
3.15%, 8/1/27 |
|
$ |
580 |
|
|
$ |
599,312 |
|
Bristol-Myers Squibb Co. (a)(b), |
|
|
|
|
|
|
|
|
3.625%, 5/15/24 |
|
|
865 |
|
|
|
913,912 |
|
4.125%, 6/15/39 |
|
|
190 |
|
|
|
218,590 |
|
Broadcom Corp., |
|
|
|
|
|
|
|
|
3.875%, 1/15/27 |
|
|
520 |
|
|
|
539,652 |
|
Broadcom, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 4/15/29 |
|
|
190 |
|
|
|
208,238 |
|
Cameron LNG LLC (a)(b), |
|
|
|
|
|
|
|
|
3.701%, 1/15/39 |
|
|
225 |
|
|
|
229,823 |
|
Capital One Financial Corp., |
|
|
|
|
|
|
|
|
3.20%, 1/30/23 |
|
|
590 |
|
|
|
606,538 |
|
3.80%, 1/31/28 |
|
|
195 |
|
|
|
209,485 |
|
Charter Communications Operating LLC, |
|
|
|
|
|
|
|
|
4.908%, 7/23/25 |
|
|
550 |
|
|
|
606,303 |
|
Citibank N.A., (converts to FRN on 2/19/21) (i), |
|
|
|
|
|
|
|
|
3.165%, 2/19/22 |
|
|
740 |
|
|
|
749,683 |
|
Citigroup, Inc., |
|
|
|
|
|
|
|
|
2.976%, 11/5/30 (converts to FRN on 11/5/29) (i) |
|
|
85 |
|
|
|
86,342 |
|
4.65%, 7/30/45 |
|
|
90 |
|
|
|
110,779 |
|
4.65%, 7/23/48 |
|
|
85 |
|
|
|
105,996 |
|
5.00%, 9/12/24, Ser. U (converts to FRN on 9/12/24) (e)(i) |
|
|
185 |
|
|
|
193,903 |
|
Columbia Pipeline Group, Inc., |
|
|
|
|
|
|
|
|
4.50%, 6/1/25 |
|
|
425 |
|
|
|
465,830 |
|
5.80%, 6/1/45 |
|
|
85 |
|
|
|
108,616 |
|
Comcast Corp., |
|
|
|
|
|
|
|
|
3.20%, 7/15/36 |
|
|
280 |
|
|
|
286,265 |
|
3.375%, 2/15/25 |
|
|
570 |
|
|
|
601,452 |
|
Comerica, Inc., |
|
|
|
|
|
|
|
|
3.70%, 7/31/23 |
|
|
180 |
|
|
|
188,778 |
|
Commonwealth Edison Co., |
|
|
|
|
|
|
|
|
5.90%, 3/15/36 |
|
|
90 |
|
|
|
119,946 |
|
Consolidated Edison Co. of New York, Inc., |
|
|
|
|
|
|
|
|
3.70%, 11/15/59 |
|
|
75 |
|
|
|
75,716 |
|
5.70%, 12/1/36, Ser. 06-E |
|
|
10 |
|
|
|
12,946 |
|
CSX Corp., |
|
|
|
|
|
|
|
|
4.75%, 5/30/42 |
|
|
90 |
|
|
|
106,205 |
|
CVS Health Corp., |
|
|
|
|
|
|
|
|
4.10%, 3/25/25 |
|
|
440 |
|
|
|
472,993 |
|
4.875%, 7/20/35 |
|
|
240 |
|
|
|
275,012 |
|
Discover Financial Services, Ser. C, (converts to FRN on 10/30/27) (e)(i), |
|
|
|
|
|
|
|
|
5.50%, 10/30/27 |
|
|
185 |
|
|
|
195,086 |
|
Discovery Communications LLC, |
|
|
|
|
|
|
|
|
3.95%, 3/20/28 |
|
|
100 |
|
|
|
106,802 |
|
DTE Electric Co., |
|
|
|
|
|
|
|
|
5.70%, 10/1/37 |
|
|
60 |
|
|
|
78,337 |
|
6.625%, 6/1/36, Ser. A |
|
|
10 |
|
|
|
14,000 |
|
Duke Energy Carolinas LLC, |
|
|
|
|
|
|
|
|
6.10%, 6/1/37 |
|
|
30 |
|
|
|
40,694 |
|
Duke Energy Ohio, Inc., |
|
|
|
|
|
|
|
|
4.30%, 2/1/49 |
|
|
130 |
|
|
|
151,860 |
|
Duke Energy Progress LLC, |
|
|
|
|
|
|
|
|
6.125%, 9/15/33 |
|
|
25 |
|
|
|
31,989 |
|
Edison International, |
|
|
|
|
|
|
|
|
2.95%, 3/15/23 |
|
|
160 |
|
|
|
160,356 |
|
3.55%, 11/15/24 |
|
|
230 |
|
|
|
233,729 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
El Paso Natural Gas Co. LLC, |
|
|
|
|
|
|
|
|
8.375%, 6/15/32 |
|
$ |
142 |
|
|
$ |
197,610 |
|
Energy Transfer Operating L.P., |
|
|
|
|
|
|
|
|
6.50%, 2/1/42 |
|
|
195 |
|
|
|
232,137 |
|
Eversource Energy, Ser. K, |
|
|
|
|
|
|
|
|
2.75%, 3/15/22 |
|
|
355 |
|
|
|
360,136 |
|
Express Scripts Holding Co., |
|
|
|
|
|
|
|
|
4.75%, 11/15/21 |
|
|
270 |
|
|
|
282,972 |
|
Fifth Third Bancorp, (converts to FRN on 6/30/23) (e)(i), |
|
|
|
|
|
|
|
|
5.10%, 6/30/23 |
|
|
185 |
|
|
|
190,600 |
|
First Maryland Capital II, 3 mo. LIBOR + 0.850% (i), |
|
|
|
|
|
|
|
|
2.759%, 2/1/27 |
|
|
40 |
|
|
|
37,900 |
|
Fiserv, Inc., |
|
|
|
|
|
|
|
|
4.40%, 7/1/49 |
|
|
60 |
|
|
|
68,325 |
|
Five Corners Funding Trust (a)(b), |
|
|
|
|
|
|
|
|
4.419%, 11/15/23 |
|
|
555 |
|
|
|
601,897 |
|
GE Capital International Funding Co. Unlimited Co., |
|
|
|
|
|
|
|
|
2.342%, 11/15/20 |
|
|
50 |
|
|
|
50,056 |
|
General Electric Co., 3 mo. LIBOR + 1.000% (i), |
|
|
|
|
|
|
|
|
3.001%, 4/15/23 |
|
|
289 |
|
|
|
289,967 |
|
General Motors Financial Co., Inc., |
|
|
|
|
|
|
|
|
3.55%, 7/8/22 |
|
|
325 |
|
|
|
333,939 |
|
Global Payments, Inc., |
|
|
|
|
|
|
|
|
2.65%, 2/15/25 |
|
|
295 |
|
|
|
296,518 |
|
Harborwalk Funding Trust, (converts to FRN on 2/15/49) (a)(b)(i), |
|
|
|
|
|
|
|
|
5.077%, 2/15/69 |
|
|
150 |
|
|
|
179,076 |
|
Hess Corp., |
|
|
|
|
|
|
|
|
4.30%, 4/1/27 |
|
|
200 |
|
|
|
214,169 |
|
7.125%, 3/15/33 |
|
|
160 |
|
|
|
205,748 |
|
Huntington Bancshares, Inc., Ser. E, (converts to FRN on 4/15/23) (e)(i), |
|
|
|
|
|
|
|
|
5.70%, 4/15/23 |
|
|
185 |
|
|
|
192,070 |
|
Huntington Capital Trust I, 3 mo. LIBOR + 0.700% (i), |
|
|
|
|
|
|
|
|
2.627%, 2/1/27 |
|
|
245 |
|
|
|
225,400 |
|
Intel Corp., |
|
|
|
|
|
|
|
|
3.25%, 11/15/49 |
|
|
75 |
|
|
|
75,549 |
|
Jersey Central Power & Light Co., |
|
|
|
|
|
|
|
|
6.15%, 6/1/37 |
|
|
170 |
|
|
|
220,056 |
|
JPMorgan Chase & Co., 3 mo. LIBOR + 0.950% (i), |
|
|
|
|
|
|
|
|
2.852%, 2/2/37 |
|
|
445 |
|
|
|
393,825 |
|
Kansas City Southern, |
|
|
|
|
|
|
|
|
4.20%, 11/15/69 |
|
|
45 |
|
|
|
46,430 |
|
Kinder Morgan Energy Partners L.P., |
|
|
|
|
|
|
|
|
7.50%, 11/15/40 |
|
|
50 |
|
|
|
68,646 |
|
Kinder Morgan, Inc., |
|
|
|
|
|
|
|
|
4.30%, 6/1/25 |
|
|
455 |
|
|
|
493,451 |
|
L3Harris Technologies, Inc., |
|
|
|
|
|
|
|
|
3.95%, 5/28/24 (a)(b) |
|
|
150 |
|
|
|
159,280 |
|
4.40%, 6/15/28 (a)(b) |
|
|
220 |
|
|
|
245,558 |
|
4.40%, 6/15/28 |
|
|
220 |
|
|
|
245,558 |
|
Lincoln National Corp., 3 mo. LIBOR + 2.358% (i), |
|
|
|
|
|
|
|
|
4.262%, 5/17/66 |
|
|
270 |
|
|
|
240,156 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Lowes Cos., Inc., |
|
|
|
|
|
|
|
|
4.65%, 4/15/42 |
|
$ |
70 |
|
|
$ |
80,372 |
|
Manufacturers & Traders Trust Co., |
|
|
|
|
|
|
|
|
2.625%, 1/25/21 |
|
|
300 |
|
|
|
302,039 |
|
Massachusetts Institute of Technology, |
|
|
|
|
|
|
|
|
5.60%, 7/1/2111 |
|
|
45 |
|
|
|
69,667 |
|
MetLife, Inc. (a)(b), |
|
|
|
|
|
|
|
|
9.25%, 4/8/38 |
|
|
95 |
|
|
|
140,244 |
|
Microsoft Corp., |
|
|
|
|
|
|
|
|
4.875%, 12/15/43 |
|
|
225 |
|
|
|
293,632 |
|
MPLX L.P., |
|
|
|
|
|
|
|
|
4.00%, 3/15/28 |
|
|
125 |
|
|
|
129,744 |
|
New York Life Insurance Co. (a)(b), |
|
|
|
|
|
|
|
|
4.45%, 5/15/69 |
|
|
135 |
|
|
|
153,631 |
|
NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
2.75%, 11/1/29 |
|
|
98 |
|
|
|
98,178 |
|
NiSource, Inc., |
|
|
|
|
|
|
|
|
3.49%, 5/15/27 |
|
|
705 |
|
|
|
741,668 |
|
Northrop Grumman Corp., |
|
|
|
|
|
|
|
|
2.93%, 1/15/25 |
|
|
600 |
|
|
|
618,495 |
|
3.25%, 1/15/28 |
|
|
240 |
|
|
|
250,361 |
|
4.03%, 10/15/47 |
|
|
40 |
|
|
|
44,613 |
|
Northrop Grumman Systems Corp., |
|
|
|
|
|
|
|
|
7.875%, 3/1/26 |
|
|
160 |
|
|
|
205,588 |
|
Nuveen Finance LLC (a)(b), |
|
|
|
|
|
|
|
|
4.125%, 11/1/24 |
|
|
690 |
|
|
|
747,697 |
|
Oracle Corp., |
|
|
|
|
|
|
|
|
2.50%, 5/15/22 |
|
|
95 |
|
|
|
96,390 |
|
PacifiCorp, |
|
|
|
|
|
|
|
|
4.15%, 2/15/50 |
|
|
135 |
|
|
|
155,172 |
|
PepsiCo, Inc., |
|
|
|
|
|
|
|
|
4.45%, 4/14/46 |
|
|
115 |
|
|
|
141,624 |
|
Plains All American Pipeline L.P., |
|
|
|
|
|
|
|
|
4.65%, 10/15/25 |
|
|
415 |
|
|
|
445,665 |
|
6.125%, 11/15/22, Ser. B (converts to FRN on 11/15/22) (e)(i) |
|
|
100 |
|
|
|
93,402 |
|
6.65%, 1/15/37 |
|
|
170 |
|
|
|
200,206 |
|
PPL Electric Utilities Corp., |
|
|
|
|
|
|
|
|
3.00%, 10/1/49 |
|
|
135 |
|
|
|
128,543 |
|
President & Fellows of Harvard College, |
|
|
|
|
|
|
|
|
4.875%, 10/15/40 |
|
|
65 |
|
|
|
83,506 |
|
San Diego Gas & Electric Co., Ser. NNN, |
|
|
|
|
|
|
|
|
3.60%, 9/1/23 |
|
|
610 |
|
|
|
637,198 |
|
Sempra Energy, |
|
|
|
|
|
|
|
|
3.55%, 6/15/24 |
|
|
275 |
|
|
|
287,427 |
|
Simon Property Group L.P., |
|
|
|
|
|
|
|
|
3.25%, 9/13/49 |
|
|
100 |
|
|
|
97,439 |
|
Southern California Edison Co., |
|
|
|
|
|
|
|
|
3.90%, 12/1/41 |
|
|
195 |
|
|
|
191,789 |
|
State Street Corp., 3 mo. LIBOR + 1.000% (i), |
|
|
|
|
|
|
|
|
2.894%, 6/15/47 |
|
|
300 |
|
|
|
263,250 |
|
Synchrony Financial, |
|
|
|
|
|
|
|
|
3.70%, 8/4/26 |
|
|
110 |
|
|
|
113,768 |
|
Time Warner Cable LLC, |
|
|
|
|
|
|
|
|
4.50%, 9/15/42 |
|
|
105 |
|
|
|
105,613 |
|
6.55%, 5/1/37 |
|
|
225 |
|
|
|
278,052 |
|
Truist Financial Corp., |
|
|
|
|
|
|
|
|
2.70%, 1/27/22 |
|
|
885 |
|
|
|
897,315 |
|
4.80%, 9/1/24, Ser. N (converts to FRN on 9/1/24) (e)(i) |
|
|
185 |
|
|
|
191,244 |
|
5.125%, 12/15/27, Ser. M (converts to FRN on 12/15/27) (e)(i) |
|
|
55 |
|
|
|
56,590 |
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
United Parcel Service, Inc., |
|
|
|
|
|
|
|
|
3.40%, 9/1/49 |
|
$ |
150 |
|
|
$ |
151,104 |
|
United Technologies Corp., |
|
|
|
|
|
|
|
|
1.90%, 5/4/20 |
|
|
485 |
|
|
|
485,470 |
|
4.15%, 5/15/45 |
|
|
165 |
|
|
|
189,403 |
|
6.125%, 7/15/38 |
|
|
65 |
|
|
|
90,661 |
|
UnitedHealth Group, Inc., |
|
|
|
|
|
|
|
|
3.50%, 8/15/39 |
|
|
235 |
|
|
|
246,272 |
|
Verizon Communications, Inc., |
|
|
|
|
|
|
|
|
5.25%, 3/16/37 |
|
|
245 |
|
|
|
307,668 |
|
ViacomCBS, Inc., |
|
|
|
|
|
|
|
|
3.125%, 6/15/22 |
|
|
490 |
|
|
|
489,772 |
|
5.25%, 4/1/44 |
|
|
45 |
|
|
|
52,376 |
|
Virginia Electric & Power Co., |
|
|
|
|
|
|
|
|
2.75%, 3/15/23, Ser. C |
|
|
475 |
|
|
|
484,260 |
|
3.80%, 9/15/47, Ser. B |
|
|
150 |
|
|
|
162,280 |
|
Wells Fargo & Co., |
|
|
|
|
|
|
|
|
4.40%, 6/14/46 |
|
|
80 |
|
|
|
91,720 |
|
Wells Fargo Capital X, |
|
|
|
|
|
|
|
|
5.95%, 12/1/86 |
|
|
110 |
|
|
|
137,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,608,404 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$34,532,245) |
|
|
|
34,548,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
MUTUAL FUNDS (g)23.3% |
|
|
|
|
|
|
|
|
AllianzGI Focused Growth (j) |
|
|
96,984 |
|
|
|
4,540,801 |
|
AllianzGI Global Small-Cap Opportunities |
|
|
178,508 |
|
|
|
3,066,770 |
|
AllianzGI International Growth (k) |
|
|
678,114 |
|
|
|
11,358,405 |
|
AllianzGI Mid-Cap (h) |
|
|
1,000,900 |
|
|
|
4,534,078 |
|
AllianzGI NFJ Mid-Cap Value (j) |
|
|
135,569 |
|
|
|
4,471,076 |
|
AllianzGI Small-Cap (j) |
|
|
145,199 |
|
|
|
3,034,658 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Mutual Funds (cost$29,710,701) |
|
|
|
31,005,788 |
|
|
|
|
|
|
|
|
|
|
|
|
EXCHANGE-TRADED FUNDS10.7% |
|
|
|
|
|
|
|
|
Alerian MLP |
|
|
320,000 |
|
|
|
2,720,000 |
|
Invesco DB Precious Metals |
|
|
139,500 |
|
|
|
5,803,897 |
|
PIMCO 15+ Year U.S. TIPS Index (g) |
|
|
34,500 |
|
|
|
2,485,035 |
|
Schwab U.S. REIT |
|
|
71,636 |
|
|
|
3,292,391 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Funds (cost$14,021,218) |
|
|
|
14,301,323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS1.3% |
|
|
|
|
|
|
|
|
U.S. Treasury Bond (m), |
|
|
|
|
|
|
|
|
2.25%, 8/15/49 |
|
$ |
349 |
|
|
|
338,639 |
|
U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
1.50%, 11/30/24 (m) |
|
|
372 |
|
|
|
368,919 |
|
1.75%, 12/31/24 |
|
|
208 |
|
|
|
208,553 |
|
1.75%, 11/15/29 |
|
|
849 |
|
|
|
836,199 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$1,768,767) |
|
|
|
1,752,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
PREFERRED STOCK0.4% |
|
|
|
|
|
|
|
Brazil0.1% |
|
|
|
|
|
Petroleo Brasileiro S.A. |
|
|
3,300 |
|
|
$ |
24,925 |
|
Telefonica Brasil S.A. |
|
|
3,000 |
|
|
|
43,361 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68,286 |
|
|
|
|
|
|
|
|
|
|
Colombia0.0% |
|
|
|
|
|
Avianca Holdings S.A. |
|
|
35,036 |
|
|
|
19,611 |
|
Banco Davivienda S.A. |
|
|
2,101 |
|
|
|
29,450 |
|
Grupo Aval Acciones y Valores S.A. |
|
|
9,215 |
|
|
|
4,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,158 |
|
|
|
|
|
|
|
|
|
|
Germany0.0% |
|
|
|
|
|
Sixt SE |
|
|
309 |
|
|
|
22,481 |
|
|
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)0.1% |
|
|
|
|
|
Samsung Electronics Co., Ltd. |
|
|
1,569 |
|
|
|
61,429 |
|
|
|
|
|
|
|
|
|
|
|
|
United States0.2% |
|
|
|
|
|
Energy Transfer Operating L.P., Ser. E (e)(i) |
|
|
12,570 |
|
|
|
318,272 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$497,613) |
|
|
|
523,626 |
|
|
|
|
|
|
|
|
|
|
|
|
RIGHTS (k)0.0% |
|
|
|
|
|
|
|
Morocco0.0% |
|
|
|
|
|
Douja Promotion Groupe Addoha S.A., exercise price MAD 10.00, expires 1/8/20 (d)(f) |
|
|
3,431 |
|
|
|
119 |
|
|
|
|
|
|
|
|
|
|
|
|
Spain0.0% |
|
|
|
|
|
Repsol S.A., expires 1/10/20 |
|
|
1,854 |
|
|
|
880 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Rights (cost$876) |
|
|
|
999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements4.1% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $5,521,077; collateralized by U.S. Treasury
Bonds, 3.00%, due 11/15/45, valued at $5,636,015 including accrued interest (cost$5,521,000) |
|
$ |
5,521 |
|
|
|
5,521,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$118,250,079) (c)95.2% |
|
|
|
126,992,607 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (l)4.8% |
|
|
|
6,373,007 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
133,365,614 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
Notes to Schedule of Investments:
|
Actual amount rounds to less than $1. |
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $5,203,720,
representing 3.9% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $5,544,970, representing 4.2% of net assets. |
(c) |
Securities with an aggregate value of $15,143,820, representing 11.4% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(d) |
Fair-ValuedSecurities with an aggregate value of $412,289, representing 0.3% of net assets. |
(e) |
Perpetual maturity. The date shown, if any, is the next call date. |
(h) |
Institutional Class share. |
(i) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
(k) |
Non-income producing. |
(l) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows:
|
Futures contracts
outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
2-Year U.S. Treasury Note |
|
|
5 |
|
|
|
3/31/20 |
|
|
$ |
1,000 |
|
|
$ |
1,077 |
|
|
$ |
(436 |
) |
5-Year U.S. Treasury Note |
|
|
21 |
|
|
|
3/31/20 |
|
|
|
2,100 |
|
|
|
2,491 |
|
|
|
(7,603 |
) |
10-Year U.S. Treasury Note |
|
|
54 |
|
|
|
3/20/20 |
|
|
|
5,400 |
|
|
|
6,935 |
|
|
|
(60,807 |
) |
E-mini S&P 500 Index |
|
|
47 |
|
|
|
3/20/20 |
|
|
|
2 |
|
|
|
7,593 |
|
|
|
119,766 |
|
Euro STOXX 50 Index |
|
|
95 |
|
|
|
3/20/20 |
|
|
EUR |
1 |
|
|
|
3,974 |
|
|
|
(23,589 |
) |
Euro-BTP |
|
|
18 |
|
|
|
3/6/20 |
|
|
|
1,800 |
|
|
|
2,876 |
|
|
|
185 |
|
Mini MSCI Emerging Markets Index |
|
|
185 |
|
|
|
3/20/20 |
|
|
$ |
9 |
|
|
|
10,362 |
|
|
|
181,070 |
|
MSCI EAFE Index |
|
|
88 |
|
|
|
3/20/20 |
|
|
|
4 |
|
|
|
8,961 |
|
|
|
(4,330 |
) |
SPI 200 Index |
|
|
23 |
|
|
|
3/19/20 |
|
|
AUD |
1 |
|
|
|
2,664 |
|
|
|
(45,253 |
) |
TOPIX Index |
|
|
25 |
|
|
|
3/12/20 |
|
|
JPY |
250 |
|
|
|
3,960 |
|
|
|
(9,307 |
) |
U.S. Long Bond |
|
|
9 |
|
|
|
3/20/20 |
|
|
$ |
900 |
|
|
|
1,403 |
|
|
|
(30,416 |
) |
Ultra U.S. Treasury Bond |
|
|
7 |
|
|
|
3/20/20 |
|
|
|
700 |
|
|
|
1,271 |
|
|
|
(41,381 |
) |
XAP Consumer Staples |
|
|
65 |
|
|
|
3/20/20 |
|
|
|
7 |
|
|
|
4,125 |
|
|
|
44,234 |
|
XAU Utilities |
|
|
63 |
|
|
|
3/20/20 |
|
|
|
6 |
|
|
|
4,112 |
|
|
|
45,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
167,921 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit default swaps agreements outstanding at December 31, 2019:
Centrally cleared buy protection swap agreements(1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Reference Debt Issuer |
|
Notional Amount (000s)(4)
|
|
|
Implied Credit Spread(3)
|
|
|
Termination Date |
|
|
Fixed Deal Pay Rate |
|
|
Payment Frequency |
|
|
Value(5) |
|
|
Upfront Premiums Received |
|
|
Unrealized Depreciation |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Berkshire Hathaway, Inc. |
|
$ |
740 |
|
|
|
0.356 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
$ |
(24,015 |
) |
|
$ |
(22,655 |
) |
|
$ |
(1,360 |
) |
CDX.NA.HY.33 |
|
|
6,500 |
|
|
|
2.807 |
% |
|
|
12/20/24 |
|
|
|
(5.00 |
)% |
|
|
Quarterly |
|
|
|
(637,914 |
) |
|
|
(614,024 |
) |
|
|
(23,890 |
) |
CDX.NA.IG.33 |
|
|
15,000 |
|
|
|
0.455 |
% |
|
|
12/20/24 |
|
|
|
(1.00 |
)% |
|
|
Quarterly |
|
|
|
(394,307 |
) |
|
|
(392,217 |
) |
|
|
(2,090 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(1,056,236 |
) |
|
$ |
(1,028,896 |
) |
|
$ |
(27,340 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally cleared sell protection swap agreements(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Referenced Debt Issuer |
|
Notional Amount (000s)(4)
|
|
|
Implied Credit Spread(3)
|
|
|
Termination Date |
|
|
Fixed Deal Received Rate |
|
|
Payment Frequency |
|
|
Value(5) |
|
|
Upfront Premiums Paid |
|
|
Unrealized Depreciation |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Boeing Co. |
|
$ |
755 |
|
|
|
0.551 |
% |
|
|
12/20/24 |
|
|
|
1.00 |
% |
|
|
Quarterly |
|
|
$ |
17,202 |
|
|
$ |
17,464 |
|
|
$ |
(262 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
(1) |
If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or
(ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are
assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby
a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
(2) |
If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) pay
a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market
makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number
of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
(3) |
Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements as of
year/period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of
buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default
or other credit event occurring as defined under the terms of the agreement. |
(4) |
This represents the maximum potential amount the Fund could be required to make available as a seller of credit protection or receive as a
buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(5) |
The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at December 31, 2019
of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement have been closed/sold as of the period end. Increasing market values, in
absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the
agreement. |
(m) |
At December 31, 2019, the Fund pledged $4,911,758 in cash as collateral for futures contracts and $1,314,484 in cash as collateral for
swap contracts. The Fund also held U.S. Treasury Obligations valued at $412,561 as collateral for swap contracts. |
Glossary:
ADRAmerican Depositary
Receipt
AUDAustralian Dollar
CDXCredit Derivatives Index
EAFEEurope, Australasia and Far East
EUREuro
FRNFloating Rate Note
GDRGlobal Depositary Receipt
ICEIntercontinental Exchange
JPYJapanese Yen
LIBORLondon
Inter-Bank Offered Rate
MADMoroccan Dirham
MSCIMorgan Stanley Capital International
REITReal Estate Investment Trust
TIPSTreasury Inflation Protected Securities
TOPIXTokyo Stock Price Index
UNITMore than one class of securities traded together
Schedule of Investments
AllianzGI Global Dynamic Allocation Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Mutual Funds |
|
|
23.3 |
% |
Exchange-Traded Funds |
|
|
10.7 |
% |
Banks |
|
|
7.3 |
% |
Electric Utilities |
|
|
4.2 |
% |
Pharmaceuticals |
|
|
3.8 |
% |
Oil, Gas & Consumable Fuels |
|
|
2.8 |
% |
Insurance |
|
|
2.8 |
% |
Aerospace & Defense |
|
|
2.7 |
% |
Pipelines |
|
|
2.2 |
% |
Media |
|
|
2.2 |
% |
Diversified Financial Services |
|
|
2.0 |
% |
Software |
|
|
1.3 |
% |
U.S. Treasury Obligations |
|
|
1.3 |
% |
Diversified Telecommunication Services |
|
|
1.1 |
% |
Healthcare Providers & Services |
|
|
1.0 |
% |
Technology Hardware, Storage & Peripherals |
|
|
0.9 |
% |
Healthcare-Products |
|
|
0.9 |
% |
IT Services |
|
|
0.9 |
% |
Telecommunications |
|
|
0.9 |
% |
Food Products |
|
|
0.8 |
% |
Hotels, Restaurants & Leisure |
|
|
0.8 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
0.7 |
% |
Healthcare Equipment & Supplies |
|
|
0.7 |
% |
Food & Staples Retailing |
|
|
0.7 |
% |
Specialty Retail |
|
|
0.6 |
% |
Semiconductors & Semiconductor Equipment |
|
|
0.6 |
% |
Semiconductors |
|
|
0.6 |
% |
Interactive Media & Services |
|
|
0.6 |
% |
Internet & Direct Marketing Retail |
|
|
0.5 |
% |
Real Estate Management & Development |
|
|
0.5 |
% |
Metals & Mining |
|
|
0.5 |
% |
Textiles, Apparel & Luxury Goods |
|
|
0.5 |
% |
Trading Companies & Distributors |
|
|
0.4 |
% |
Wireless Telecommunication Services |
|
|
0.4 |
% |
Construction & Engineering |
|
|
0.4 |
% |
Multi-Utilities |
|
|
0.4 |
% |
Electronic Equipment, Instruments & Components |
|
|
0.4 |
% |
Commercial Services & Supplies |
|
|
0.4 |
% |
Beverages |
|
|
0.4 |
% |
Household Products |
|
|
0.4 |
% |
Commercial Services |
|
|
0.4 |
% |
Automobiles |
|
|
0.3 |
% |
Miscellaneous Manufacturing |
|
|
0.3 |
% |
Road & Rail |
|
|
0.3 |
% |
Mortgage Real Estate Investment Trusts (REITs) |
|
|
0.3 |
% |
Chemicals |
|
|
0.3 |
% |
Food & Beverage |
|
|
0.3 |
% |
Capital Markets |
|
|
0.3 |
% |
Household Durables |
|
|
0.3 |
% |
Airlines |
|
|
0.3 |
% |
Machinery |
|
|
0.3 |
% |
Computers |
|
|
0.3 |
% |
Auto Manufacturers |
|
|
0.3 |
% |
Communications Equipment |
|
|
0.2 |
% |
Life Sciences Tools & Services |
|
|
0.2 |
% |
Transportation |
|
|
0.2 |
% |
Auto Components |
|
|
0.2 |
% |
Industrial Conglomerates |
|
|
0.2 |
% |
Healthcare-Services |
|
|
0.2 |
% |
|
|
|
|
|
Personal Products |
|
|
0.2 |
% |
Electrical Equipment |
|
|
0.2 |
% |
Multi-Line Retail |
|
|
0.2 |
% |
Biotechnology |
|
|
0.2 |
% |
Transportation Infrastructure |
|
|
0.1 |
% |
Independent Power Producers & Energy Traders |
|
|
0.1 |
% |
Construction Materials |
|
|
0.1 |
% |
Consumer Finance |
|
|
0.1 |
% |
Entertainment |
|
|
0.1 |
% |
Building Products |
|
|
0.1 |
% |
Paper & Forest Products |
|
|
0.1 |
% |
Tobacco |
|
|
0.1 |
% |
Gas Utilities |
|
|
0.1 |
% |
Professional Services |
|
|
0.1 |
% |
Internet |
|
|
0.1 |
% |
Leisure Equipment & Products |
|
|
0.1 |
% |
Containers & Packaging |
|
|
0.1 |
% |
Retail |
|
|
0.1 |
% |
Diversified Consumer Services |
|
|
0.1 |
% |
Thrifts & Mortgage Finance |
|
|
0.0 |
% |
Air Freight & Logistics |
|
|
0.0 |
% |
Marine |
|
|
0.0 |
% |
Water Utilities |
|
|
0.0 |
% |
Energy Equipment & Services |
|
|
0.0 |
% |
Distributors |
|
|
0.0 |
% |
Repurchase Agreements |
|
|
4.1 |
% |
Other assets less liabilities |
|
|
4.8 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Global High Yield Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
CORPORATE BONDS & NOTES98.2% |
|
|
|
|
|
|
|
Australia0.4% |
|
|
|
|
|
FMG Resources August 206 Pty Ltd. (a)(b), |
|
|
|
|
|
|
|
|
5.125%, 5/15/24 |
|
$ |
100 |
|
|
$ |
106,459 |
|
|
|
|
|
|
|
|
|
|
|
|
Brazil2.3% |
|
|
|
|
|
BRF GmbH, |
|
|
|
|
|
|
|
|
4.35%, 9/29/26 |
|
|
200 |
|
|
|
206,622 |
|
Petrobras Global Finance BV (a)(b), |
|
|
|
|
|
|
|
|
5.093%, 1/15/30 |
|
|
339 |
|
|
|
363,666 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
570,288 |
|
|
|
|
|
|
|
|
|
|
Canada2.9% |
|
|
|
|
|
Cott Holdings, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.50%, 4/1/25 |
|
|
100 |
|
|
|
104,709 |
|
Kronos Acquisition Holdings, Inc. (a)(b), |
|
|
|
|
|
|
|
|
9.00%, 8/15/23 |
|
|
150 |
|
|
|
143,687 |
|
Rockpoint Gas Storage Canada Ltd. (a)(b), |
|
|
|
|
|
|
|
|
7.00%, 3/31/23 |
|
|
200 |
|
|
|
197,083 |
|
Superior Plus L.P. (a)(b), |
|
|
|
|
|
|
|
|
7.00%, 7/15/26 |
|
|
250 |
|
|
|
269,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
714,628 |
|
|
|
|
|
|
|
|
|
|
China2.8% |
|
|
|
|
|
China Evergrande Group, |
|
|
|
|
|
|
|
|
9.50%, 4/11/22 |
|
|
200 |
|
|
|
191,176 |
|
Country Garden Holdings Co., Ltd., |
|
|
|
|
|
|
|
|
8.00%, 1/27/24 |
|
|
200 |
|
|
|
219,000 |
|
Eagle Intermediate Global Holding BV, |
|
|
|
|
|
|
|
|
5.375%, 5/1/23 |
|
|
100 |
|
|
|
85,763 |
|
Yuzhou Properties Co., Ltd., |
|
|
|
|
|
|
|
|
6.00%, 10/25/23 |
|
$ |
200 |
|
|
|
195,688 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
691,627 |
|
|
|
|
|
|
|
|
|
|
Colombia0.9% |
|
|
|
|
|
Millicom International Cellular S.A. (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 3/25/29 |
|
|
200 |
|
|
|
220,968 |
|
|
|
|
|
|
|
|
|
|
|
|
France0.9% |
|
|
|
|
|
Altice France S.A. (a)(b), |
|
|
|
|
|
|
|
|
7.375%, 5/1/26 |
|
|
200 |
|
|
|
215,098 |
|
|
|
|
|
|
|
|
|
|
|
|
Germany1.7% |
|
|
|
|
|
Consus Real Estate AG (a)(b), |
|
|
|
|
|
|
|
|
9.625%, 5/15/24 |
|
|
150 |
|
|
|
179,823 |
|
Techem Verwaltungsgesellschaft 674 mbH (a)(b),
|
|
|
|
|
|
|
|
|
6.00%, 7/30/26 |
|
|
100 |
|
|
|
121,473 |
|
WEPA Hygieneprodukte GmbH (a)(b), |
|
|
|
|
|
|
|
|
2.875%, 12/15/27 |
|
|
100 |
|
|
|
116,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
417,642 |
|
|
|
|
|
|
|
|
|
|
Greece0.9% |
|
|
|
|
|
Crystal Almond Sarl (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 10/15/24 |
|
|
200 |
|
|
|
231,115 |
|
|
|
|
|
|
|
|
|
|
|
|
Guatemala0.9% |
|
|
|
|
|
Central American Bottling Corp., |
|
|
|
|
|
|
|
|
5.75%, 1/31/27 |
|
$ |
200 |
|
|
|
211,321 |
|
|
|
|
|
|
|
|
|
|
|
|
Indonesia1.7% |
|
|
|
|
|
Listrindo Capital BV, |
|
|
|
|
|
|
|
|
4.95%, 9/14/26 |
|
|
200 |
|
|
|
203,353 |
|
Theta Capital Pte Ltd., |
|
|
|
|
|
|
|
|
7.00%, 4/11/22 |
|
|
200 |
|
|
|
200,957 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
404,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Ireland1.8% |
|
|
|
|
|
C&W Senior Financing DAC, |
|
|
|
|
|
|
|
|
6.875%, 9/15/27 |
|
$ |
200 |
|
|
$ |
214,330 |
|
eircom Finance DAC, |
|
|
|
|
|
|
|
|
3.50%, 5/15/26 |
|
|
200 |
|
|
|
237,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
451,890 |
|
|
|
|
|
|
|
|
|
|
Israel0.1% |
|
|
|
|
|
Teva Pharmaceutical Finance Netherlands III BV, |
|
|
|
|
|
|
|
|
2.20%, 7/21/21 |
|
$ |
26 |
|
|
|
25,227 |
|
|
|
|
|
|
|
|
|
|
|
|
Italy4.1% |
|
|
|
|
|
Assicurazioni Generali SpA, (converts to FRN on 6/8/28) (d), |
|
|
|
|
|
|
|
|
5.00%, 6/8/48 |
|
|
100 |
|
|
|
134,520 |
|
Enel SpA, USD 5 Year Swap Rate + 5.880% (a)(b)(d), |
|
|
|
|
|
|
|
|
8.75%, 9/24/73 |
|
$ |
200 |
|
|
|
235,392 |
|
F-Brasile SpA, Ser. XR (a)(b), |
|
|
|
|
|
|
|
|
7.375%, 8/15/26 |
|
|
200 |
|
|
|
212,000 |
|
Intesa Sanpaolo SpA, |
|
|
|
|
|
|
|
|
6.625%, 9/13/23 |
|
|
150 |
|
|
|
201,138 |
|
Societa Cattolica di Assicurazioni SC, (converts to FRN on 12/14/27) (d), |
|
|
|
|
|
|
|
|
4.25%, 12/14/47 |
|
|
100 |
|
|
|
115,745 |
|
Telecom Italia SpA, |
|
|
|
|
|
|
|
|
2.75%, 4/15/25 |
|
|
100 |
|
|
|
119,011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,017,806 |
|
|
|
|
|
|
|
|
|
|
Luxembourg2.2% |
|
|
|
|
|
Altice Financing S.A. (a)(b), |
|
|
|
|
|
|
|
|
7.50%, 5/15/26 |
|
$ |
200 |
|
|
|
215,370 |
|
Altice Luxembourg S.A. (a)(b), |
|
|
|
|
|
|
|
|
8.00%, 5/15/27 |
|
|
100 |
|
|
|
126,051 |
|
ARD Finance S.A., PIK 7.25% (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 6/30/27 |
|
$ |
200 |
|
|
|
207,160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
548,581 |
|
|
|
|
|
|
|
|
|
|
Mexico0.4% |
|
|
|
|
|
Petroleos Mexicanos (a)(b), |
|
|
|
|
|
|
|
|
6.49%, 1/23/27 |
|
|
100 |
|
|
|
106,438 |
|
|
|
|
|
|
|
|
|
|
|
|
Netherlands5.1% |
|
|
|
|
|
Atradius Finance BV, (converts to FRN on 9/23/24) (d), |
|
|
|
|
|
|
|
|
5.25%, 9/23/44 |
|
|
100 |
|
|
|
128,421 |
|
Intertrust Group BV (a)(b), |
|
|
|
|
|
|
|
|
3.375%, 11/15/25 |
|
|
150 |
|
|
|
177,183 |
|
Koninklijke KPN NV, USD 10 Year Swap Rate + 5.210% (d), |
|
|
|
|
|
|
|
|
7.00%, 3/28/73 |
|
$ |
200 |
|
|
|
220,804 |
|
Schoeller Packaging BV (a)(b), |
|
|
|
|
|
|
|
|
6.375%, 11/1/24 |
|
|
100 |
|
|
|
116,610 |
|
Sunshine Mid BV (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 5/15/26 |
|
|
100 |
|
|
|
120,366 |
|
Trivium Packaging Finance BV (a)(b), |
|
|
|
|
|
|
|
|
8.50%, 8/15/27 |
|
$ |
200 |
|
|
|
222,870 |
|
Ziggo BV (a)(b), |
|
|
|
|
|
|
|
|
4.875%, 1/15/30 |
|
|
250 |
|
|
|
258,658 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,244,912 |
|
|
|
|
|
|
|
|
|
|
Portugal2.5% |
|
|
|
|
|
Caixa Geral de Depositos S.A., (converts to FRN on 3/30/22) (c)(d), |
|
|
|
|
|
|
|
|
10.75%, 3/30/22 |
|
|
200 |
|
|
|
265,516 |
|
Schedule of Investments
AllianzGI Global High Yield Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
EDPEnergias de Portugal S.A., (converts to FRN on 1/30/24) (d), |
|
|
|
|
|
|
|
|
4.496%, 4/30/79 |
|
|
100 |
|
|
$ |
125,717 |
|
Transportes Aereos Portugueses S.A. (a)(b), |
|
|
|
|
|
|
|
|
5.625%, 12/2/24 |
|
|
200 |
|
|
|
223,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
614,527 |
|
|
|
|
|
|
|
|
|
|
Spain1.7% |
|
|
|
|
|
Cirsa Finance International Sarl (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 5/22/25 |
|
|
150 |
|
|
|
176,884 |
|
Grifols S.A. (a)(b), |
|
|
|
|
|
|
|
|
2.25%, 11/15/27 |
|
|
100 |
|
|
|
116,259 |
|
Tasty Bondco 1 S.A. (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 5/15/26 |
|
|
100 |
|
|
|
117,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
410,821 |
|
|
|
|
|
|
|
|
|
|
Switzerland0.5% |
|
|
|
|
|
Selecta Group BV, |
|
|
|
|
|
|
|
|
5.875%, 2/1/24 |
|
|
100 |
|
|
|
115,617 |
|
|
|
|
|
|
|
|
|
|
|
|
United Arab Emirates0.4% |
|
|
|
|
|
Shelf Drilling Holdings Ltd. (a)(b), |
|
|
|
|
|
|
|
|
8.25%, 2/15/25 |
|
$ |
100 |
|
|
|
95,499 |
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom4.6% |
|
|
|
|
|
AA Bond Co., Ltd., |
|
|
|
|
|
|
|
|
5.50%, 7/31/22 |
|
£ |
100 |
|
|
|
114,324 |
|
CPUK Finance Ltd. (a)(b), |
|
|
|
|
|
|
|
|
4.875%, 8/28/25 |
|
|
100 |
|
|
|
137,482 |
|
Galaxy Bidco Ltd. (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 7/31/26 |
|
|
100 |
|
|
|
140,894 |
|
Jaguar Land Rover Automotive PLC, |
|
|
|
|
|
|
|
|
4.50%, 1/15/26 |
|
|
100 |
|
|
|
108,603 |
|
Miller Homes Group Holdings PLC, |
|
|
|
|
|
|
|
|
5.50%, 10/15/24 |
|
£ |
100 |
|
|
|
138,067 |
|
Neptune Energy Bondco PLC (a)(b), |
|
|
|
|
|
|
|
|
6.625%, 5/15/25 |
|
$ |
200 |
|
|
|
200,374 |
|
Phoenix Group Holdings PLC, |
|
|
|
|
|
|
|
|
4.125%, 7/20/22 |
|
£ |
100 |
|
|
|
138,756 |
|
Virgin Money UK PLC, (converts to FRN on 12/14/23) (d), |
|
|
|
|
|
|
|
|
7.875%, 12/14/28 |
|
|
100 |
|
|
|
149,899 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,128,399 |
|
|
|
|
|
|
|
|
|
|
United States59.4% |
|
|
|
|
|
Albertsons Cos., Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.875%, 2/15/28 |
|
$ |
50 |
|
|
|
53,218 |
|
7.50%, 3/15/26 |
|
|
150 |
|
|
|
168,656 |
|
Allied Universal Holdco LLC (a)(b), |
|
|
|
|
|
|
|
|
9.75%, 7/15/27 |
|
|
150 |
|
|
|
160,589 |
|
American Axle & Manufacturing, Inc., |
|
|
|
|
|
|
|
|
6.50%, 4/1/27 |
|
|
100 |
|
|
|
104,003 |
|
AmeriGas Partners L.P., |
|
|
|
|
|
|
|
|
5.875%, 8/20/26 |
|
|
50 |
|
|
|
55,218 |
|
Antero Resources Corp., |
|
|
|
|
|
|
|
|
5.375%, 11/1/21 |
|
|
75 |
|
|
|
71,551 |
|
ASGN, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.625%, 5/15/28 |
|
|
100 |
|
|
|
102,973 |
|
BCPE Cycle Merger Sub II, Inc. (a)(b), |
|
|
|
|
|
|
|
|
10.625%, 7/15/27 |
|
|
125 |
|
|
|
128,481 |
|
Brinks Co. (a)(b), |
|
|
|
|
|
|
|
|
4.625%, 10/15/27 |
|
|
200 |
|
|
|
206,464 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Broadcom, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 4/15/29 |
|
$ |
250 |
|
|
$ |
273,997 |
|
BWX Technologies, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.375%, 7/15/26 |
|
|
100 |
|
|
|
106,285 |
|
Capitol Investment Merger Sub 2 LLC (a)(b), |
|
|
|
|
|
|
|
|
10.00%, 8/1/24 |
|
|
150 |
|
|
|
156,062 |
|
Catalent Pharma Solutions, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 7/15/27 |
|
|
150 |
|
|
|
157,402 |
|
CCO Holdings LLC (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 2/1/28 |
|
|
100 |
|
|
|
105,117 |
|
5.375%, 6/1/29 |
|
|
100 |
|
|
|
106,935 |
|
Cheniere Corpus Christi Holdings LLC, |
|
|
|
|
|
|
|
|
5.875%, 3/31/25 |
|
|
200 |
|
|
|
225,249 |
|
Chesapeake Energy Corp. (a)(b), |
|
|
|
|
|
|
|
|
11.50%, 1/1/25 |
|
|
50 |
|
|
|
47,375 |
|
CIT Group, Inc., |
|
|
|
|
|
|
|
|
6.125%, 3/9/28 |
|
|
200 |
|
|
|
236,569 |
|
Clearway Energy Operating LLC, |
|
|
|
|
|
|
|
|
4.75%, 3/15/28 (a)(b) |
|
|
100 |
|
|
|
101,500 |
|
5.75%, 10/15/25 |
|
|
100 |
|
|
|
105,459 |
|
Cleveland-Cliffs, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.875%, 6/1/27 |
|
|
150 |
|
|
|
144,277 |
|
Covanta Holding Corp., |
|
|
|
|
|
|
|
|
5.875%, 7/1/25 |
|
|
250 |
|
|
|
264,479 |
|
Crestwood Midstream Partners L.P., |
|
|
|
|
|
|
|
|
5.75%, 4/1/25 |
|
|
200 |
|
|
|
204,998 |
|
CSC Holdings LLC (a)(b), |
|
|
|
|
|
|
|
|
5.75%, 1/15/30 |
|
|
200 |
|
|
|
213,750 |
|
DCP Midstream Operating L.P. (a)(b), |
|
|
|
|
|
|
|
|
6.75%, 9/15/37 |
|
|
50 |
|
|
|
52,672 |
|
Diamond Sports Group LLC (a)(b), |
|
|
|
|
|
|
|
|
5.375%, 8/15/26 |
|
|
100 |
|
|
|
101,343 |
|
DISH DBS Corp., |
|
|
|
|
|
|
|
|
5.875%, 11/15/24 |
|
|
100 |
|
|
|
102,396 |
|
Dole Food Co., Inc. (a)(b), |
|
|
|
|
|
|
|
|
7.25%, 6/15/25 |
|
|
150 |
|
|
|
145,562 |
|
Dun & Bradstreet Corp. (a)(b), |
|
|
|
|
|
|
|
|
10.25%, 2/15/27 |
|
|
85 |
|
|
|
97,907 |
|
Eagle Holding Co. II LLC, PIK 8.50% (a)(b), |
|
|
|
|
|
|
|
|
7.75%, 5/15/22 |
|
|
100 |
|
|
|
101,716 |
|
Encompass Health Corp., |
|
|
|
|
|
|
|
|
4.50%, 2/1/28 |
|
|
250 |
|
|
|
259,525 |
|
Energizer Holdings, Inc. (a)(b), |
|
|
|
|
|
|
|
|
6.375%, 7/15/26 |
|
|
100 |
|
|
|
106,685 |
|
First Quality Finance Co., Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 7/1/25 |
|
|
250 |
|
|
|
260,834 |
|
Ford Motor Credit Co. LLC, |
|
|
|
|
|
|
|
|
2.33%, 11/25/25 |
|
|
200 |
|
|
|
229,050 |
|
Freeport-McMoRan, Inc., |
|
|
|
|
|
|
|
|
5.25%, 9/1/29 |
|
$ |
100 |
|
|
|
107,315 |
|
General Electric Co., Ser. D, (converts to FRN on 1/21/21) (c)(d), |
|
|
|
|
|
|
|
|
5.00%, 1/21/21 |
|
|
150 |
|
|
|
147,187 |
|
Genesis Energy L.P., |
|
|
|
|
|
|
|
|
6.75%, 8/1/22 |
|
|
250 |
|
|
|
252,945 |
|
Granite Merger Sub 2, Inc. (a)(b), |
|
|
|
|
|
|
|
|
11.00%, 7/15/27 |
|
|
100 |
|
|
|
106,285 |
|
Gray Television, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.875%, 7/15/26 |
|
|
175 |
|
|
|
186,480 |
|
Harsco Corp. (a)(b), |
|
|
|
|
|
|
|
|
5.75%, 7/31/27 |
|
|
150 |
|
|
|
160,319 |
|
Schedule of Investments
AllianzGI Global High Yield Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
HCA, Inc., |
|
|
|
|
|
|
|
|
5.625%, 9/1/28 |
|
$ |
100 |
|
|
$ |
114,145 |
|
5.875%, 2/1/29 |
|
|
100 |
|
|
|
115,750 |
|
Hertz Corp. (a)(b), |
|
|
|
|
|
|
|
|
7.125%, 8/1/26 |
|
|
150 |
|
|
|
162,731 |
|
Hill-Rom Holdings, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.375%, 9/15/27 |
|
|
50 |
|
|
|
51,580 |
|
iHeartCommunications, Inc., |
|
|
|
|
|
|
|
|
8.375%, 5/1/27 |
|
|
150 |
|
|
|
166,027 |
|
Installed Building Products, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.75%, 2/1/28 |
|
|
100 |
|
|
|
107,160 |
|
Itron, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 1/15/26 |
|
|
250 |
|
|
|
259,774 |
|
Jagged Peak Energy LLC, |
|
|
|
|
|
|
|
|
5.875%, 5/1/26 |
|
|
25 |
|
|
|
25,871 |
|
Kratos Defense & Security Solutions, Inc. (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 11/30/25 |
|
|
100 |
|
|
|
107,292 |
|
Live Nation Entertainment, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 10/15/27 |
|
|
150 |
|
|
|
155,527 |
|
Molina Healthcare, Inc., |
|
|
|
|
|
|
|
|
5.375%, 11/15/22 |
|
|
100 |
|
|
|
106,476 |
|
Moog, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 12/15/27 |
|
|
250 |
|
|
|
255,025 |
|
Moss Creek Resources Holdings, Inc. (a)(b), |
|
|
|
|
|
|
|
|
7.50%, 1/15/26 |
|
|
125 |
|
|
|
95,356 |
|
MSCI, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.375%, 5/15/27 |
|
|
100 |
|
|
|
107,982 |
|
MTS Systems Corp. (a)(b), |
|
|
|
|
|
|
|
|
5.75%, 8/15/27 |
|
|
100 |
|
|
|
104,785 |
|
Navient Corp., |
|
|
|
|
|
|
|
|
5.625%, 8/1/33 |
|
|
150 |
|
|
|
129,348 |
|
NCL Corp., Ltd. (a)(b), |
|
|
|
|
|
|
|
|
3.625%, 12/15/24 |
|
|
150 |
|
|
|
152,437 |
|
NGPL PipeCo LLC (a)(b), |
|
|
|
|
|
|
|
|
7.768%, 12/15/37 |
|
|
150 |
|
|
|
192,573 |
|
Olin Corp., |
|
|
|
|
|
|
|
|
5.625%, 8/1/29 |
|
|
225 |
|
|
|
238,061 |
|
Outfront Media Capital LLC (a)(b), |
|
|
|
|
|
|
|
|
4.625%, 3/15/30 |
|
|
100 |
|
|
|
101,935 |
|
Panther BF Aggregator 2 L.P. (a)(b), |
|
|
|
|
|
|
|
|
8.50%, 5/15/27 |
|
|
250 |
|
|
|
266,087 |
|
Parsley Energy LLC (a)(b), |
|
|
|
|
|
|
|
|
5.25%, 8/15/25 |
|
|
50 |
|
|
|
51,521 |
|
5.625%, 10/15/27 |
|
|
50 |
|
|
|
52,968 |
|
PDC Energy, Inc., |
|
|
|
|
|
|
|
|
5.75%, 5/15/26 |
|
|
50 |
|
|
|
50,001 |
|
Performance Food Group, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.50%, 10/15/27 |
|
|
150 |
|
|
|
160,691 |
|
Qualitytech L.P. (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 11/15/25 |
|
|
100 |
|
|
|
103,917 |
|
Rackspace Hosting, Inc. (a)(b), |
|
|
|
|
|
|
|
|
8.625%, 11/15/24 |
|
|
150 |
|
|
|
147,000 |
|
Refinitiv U.S. Holdings, Inc., |
|
|
|
|
|
|
|
|
6.875%, 11/15/26 |
|
|
100 |
|
|
|
127,736 |
|
Scientific Games International, Inc., |
|
|
|
|
|
|
|
|
5.50%, 2/15/26 |
|
|
100 |
|
|
|
117,627 |
|
Scripps Escrow, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.875%, 7/15/27 |
|
$ |
150 |
|
|
|
157,402 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Seagate HDD Cayman, |
|
|
|
|
|
|
|
|
4.75%, 1/1/25 |
|
$ |
98 |
|
|
$ |
104,746 |
|
4.875%, 3/1/24 |
|
|
150 |
|
|
|
159,911 |
|
Select Medical Corp., |
|
|
|
|
|
|
|
|
6.25%, 8/15/26 |
|
|
50 |
|
|
|
54,218 |
|
6.25%, 8/15/26 (a)(b) |
|
|
100 |
|
|
|
108,436 |
|
Service Corp. International, |
|
|
|
|
|
|
|
|
4.625%, 12/15/27 |
|
|
150 |
|
|
|
156,723 |
|
Smithfield Foods, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 2/1/27 |
|
|
50 |
|
|
|
51,856 |
|
Sprint Communications, Inc., |
|
|
|
|
|
|
|
|
6.00%, 11/15/22 |
|
|
50 |
|
|
|
52,527 |
|
Sprint Corp., |
|
|
|
|
|
|
|
|
7.875%, 9/15/23 |
|
|
100 |
|
|
|
110,541 |
|
SRC Energy, Inc., |
|
|
|
|
|
|
|
|
6.25%, 12/1/25 |
|
|
50 |
|
|
|
50,500 |
|
Staples, Inc. (a)(b), |
|
|
|
|
|
|
|
|
10.75%, 4/15/27 |
|
|
50 |
|
|
|
50,843 |
|
Sunoco L.P., |
|
|
|
|
|
|
|
|
5.875%, 3/15/28 |
|
|
250 |
|
|
|
266,163 |
|
T-Mobile USA, Inc., |
|
|
|
|
|
|
|
|
4.75%, 2/1/28 |
|
|
50 |
|
|
|
52,483 |
|
Talen Energy Supply LLC (a)(b), |
|
|
|
|
|
|
|
|
6.625%, 1/15/28 |
|
|
150 |
|
|
|
153,427 |
|
7.25%, 5/15/27 |
|
|
50 |
|
|
|
52,703 |
|
Tenet Healthcare Corp. (a)(b), |
|
|
|
|
|
|
|
|
4.875%, 1/1/26 |
|
|
200 |
|
|
|
209,730 |
|
6.25%, 2/1/27 |
|
|
50 |
|
|
|
53,875 |
|
TerraForm Power Operating LLC (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 1/15/30 |
|
|
150 |
|
|
|
152,902 |
|
Terrier Media Buyer, Inc. (a)(b), |
|
|
|
|
|
|
|
|
8.875%, 12/15/27 |
|
|
150 |
|
|
|
159,000 |
|
TransDigm, Inc. (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 3/15/26 |
|
|
200 |
|
|
|
216,897 |
|
Transocean, Inc., |
|
|
|
|
|
|
|
|
6.80%, 3/15/38 |
|
|
50 |
|
|
|
35,630 |
|
Tronox, Inc. (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 4/15/26 |
|
|
150 |
|
|
|
154,909 |
|
U.S. Steel Corp., |
|
|
|
|
|
|
|
|
6.25%, 3/15/26 |
|
|
100 |
|
|
|
85,695 |
|
United Airlines Holdings, Inc., |
|
|
|
|
|
|
|
|
4.875%, 1/15/25 |
|
|
100 |
|
|
|
106,292 |
|
VICI Properties L.P. (a)(b), |
|
|
|
|
|
|
|
|
4.25%, 12/1/26 |
|
|
150 |
|
|
|
154,775 |
|
Viking Cruises Ltd. (a)(b), |
|
|
|
|
|
|
|
|
5.875%, 9/15/27 |
|
|
200 |
|
|
|
214,120 |
|
Vistra Operations Co. LLC (a)(b), |
|
|
|
|
|
|
|
|
5.00%, 7/31/27 |
|
|
100 |
|
|
|
104,683 |
|
5.625%, 2/15/27 |
|
|
200 |
|
|
|
211,120 |
|
Voya Financial, Inc., (converts to FRN on 1/23/28) (d), |
|
|
|
|
|
|
|
|
4.70%, 1/23/48 |
|
|
130 |
|
|
|
130,217 |
|
Waste Pro USA, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.50%, 2/15/26 |
|
|
300 |
|
|
|
313,447 |
|
WellCare Health Plans, Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.375%, 8/15/26 |
|
|
200 |
|
|
|
213,370 |
|
Wolverine Escrow LLC (a)(b), |
|
|
|
|
|
|
|
|
8.50%, 11/15/24 |
|
|
100 |
|
|
|
103,709 |
|
WPX Energy, Inc., |
|
|
|
|
|
|
|
|
5.75%, 6/1/26 |
|
|
50 |
|
|
|
53,491 |
|
Schedule of Investments
AllianzGI Global High Yield Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Wyndham Destinations, Inc., |
|
|
|
|
|
|
|
|
6.35%, 10/1/25 |
|
$ |
150 |
|
|
$ |
167,312 |
|
Wynn Las Vegas LLC (a)(b), |
|
|
|
|
|
|
|
|
5.25%, 5/15/27 |
|
|
180 |
|
|
|
191,475 |
|
Yum! Brands, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.75%, 1/15/30 |
|
|
150 |
|
|
|
157,402 |
|
Zayo Group LLC (a)(b), |
|
|
|
|
|
|
|
|
5.75%, 1/15/27 |
|
|
100 |
|
|
|
101,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,620,651 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$23,291,734)98.2% |
|
|
|
24,163,824 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (e)1.8% |
|
|
|
452,729 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
24,616,553 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $14,953,254,
representing 60.7% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $14,953,254, representing 60.7% of net assets. |
(c) |
Perpetual maturity. The date shown, if any, is the next call date. |
(d) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Short position contracts: |
|
5-Year U.S. Treasury Note |
|
|
(14 |
) |
|
|
3/31/20 |
|
|
$ |
(1,400 |
) |
|
$ |
(1,661 |
) |
|
$ |
6,242 |
|
E-mini S&P 500 Index |
|
|
(2 |
) |
|
|
3/20/20 |
|
|
|
( |
)(g) |
|
|
(323 |
) |
|
|
(5,590 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
652 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward foreign currency contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
U.S.$ Value on Origination Date |
|
|
U.S.$ Value December 31, 2019 |
|
|
Unrealized Appreciation |
|
|
Unrealized Depreciation |
|
Purchased: |
|
109,471 British Pound settling 3/18/20 |
|
JPMorgan Chase |
|
$ |
143,862 |
|
|
$ |
145,304 |
|
|
$ |
1,442 |
|
|
$ |
|
|
20,742 Euro settling 3/18/20 |
|
Goldman Sachs |
|
|
23,338 |
|
|
|
23,375 |
|
|
|
37 |
|
|
|
|
|
330,930 Euro settling 3/18/20 |
|
JPMorgan Chase |
|
|
368,933 |
|
|
|
372,948 |
|
|
|
4,015 |
|
|
|
|
|
Sold: |
|
702,454 British Pound settling 3/18/20 |
|
Goldman Sachs |
|
|
915,227 |
|
|
|
932,389 |
|
|
|
|
|
|
|
(17,162 |
) |
3,799,201 Euro settling 3/18/20 |
|
Goldman Sachs |
|
|
4,236,925 |
|
|
|
4,281,578 |
|
|
|
|
|
|
|
(44,653 |
) |
100,000 Euro settling 3/18/20 |
|
JPMorgan Chase |
|
|
111,595 |
|
|
|
112,696 |
|
|
|
|
|
|
|
(1,101 |
) |
55,000 Euro settling 3/18/20 |
|
JPMorgan Chase |
|
|
62,056 |
|
|
|
61,983 |
|
|
|
73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,567 |
|
|
$ |
(62,916 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
At December 31, 2019, the Fund pledged $12,002 in cash as collateral for futures contracts. |
(g) |
Notional amount rounds to less than 500. |
Glossary:
£British Pound
Euro
FRNFloating Rate Note
MSCIMorgan Stanley Capital International
PIKPayment-in-Kind
Schedule of Investments
AllianzGI Global High Yield Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Oil, Gas & Consumable Fuels |
|
|
7.4 |
% |
Media |
|
|
7.1 |
% |
Healthcare-Services |
|
|
6.6 |
% |
Telecommunications |
|
|
6.3 |
% |
Commercial Services |
|
|
6.0 |
% |
Electric Utilities |
|
|
5.2 |
% |
Food & Beverage |
|
|
4.3 |
% |
Pipelines |
|
|
3.8 |
% |
Banks |
|
|
3.5 |
% |
Real Estate |
|
|
3.2 |
% |
Aerospace & Defense |
|
|
3.2 |
% |
Insurance |
|
|
3.2 |
% |
Retail |
|
|
2.4 |
% |
Entertainment |
|
|
2.4 |
% |
Environmental Services |
|
|
2.3 |
% |
Containers & Packaging |
|
|
2.2 |
% |
Software |
|
|
1.9 |
% |
Chemicals |
|
|
1.6 |
% |
Auto Components |
|
|
1.5 |
% |
Computers |
|
|
1.5 |
% |
Lodging |
|
|
1.5 |
% |
Auto Manufacturers |
|
|
1.4 |
% |
Airlines |
|
|
1.3 |
% |
Diversified Financial Services |
|
|
1.2 |
% |
Semiconductors |
|
|
1.1 |
% |
Distribution/Wholesale |
|
|
1.1 |
% |
Advertising |
|
|
1.1 |
% |
Consumer Products |
|
|
1.1 |
% |
Electronics |
|
|
1.1 |
% |
Home Builders |
|
|
1.0 |
% |
Iron/Steel |
|
|
0.9 |
% |
Diversified Telecommunication Services |
|
|
0.9 |
% |
Leisure |
|
|
0.9 |
% |
Mining |
|
|
0.9 |
% |
Real Estate Management & Development |
|
|
0.8 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
0.6 |
% |
Energy-Alternate Sources |
|
|
0.6 |
% |
Leisure Time |
|
|
0.6 |
% |
Miscellaneous Manufacturing |
|
|
0.6 |
% |
Household Products/Wares |
|
|
0.6 |
% |
Pharmaceuticals |
|
|
0.6 |
% |
Paper & Forest Products |
|
|
0.5 |
% |
Machinery-Diversified |
|
|
0.5 |
% |
Electrical Equipment |
|
|
0.4 |
% |
Machinery-Construction & Mining |
|
|
0.4 |
% |
Internet |
|
|
0.4 |
% |
Textiles |
|
|
0.3 |
% |
Healthcare-Products |
|
|
0.2 |
% |
Other assets less liabilities |
|
|
1.8 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Global Sustainability Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK97.7% |
|
|
|
|
|
|
|
Australia1.5% |
|
|
|
|
|
CSL Ltd. |
|
|
13,579 |
|
|
$ |
2,632,724 |
|
|
|
|
|
|
|
|
|
|
|
|
Canada1.2% |
|
|
|
|
|
Gibson Energy, Inc. |
|
|
101,295 |
|
|
|
2,074,186 |
|
|
|
|
|
|
|
|
|
|
|
|
Denmark1.4% |
|
|
|
|
|
Novo Nordisk A/S, Class B |
|
|
42,164 |
|
|
|
2,443,355 |
|
|
|
|
|
|
|
|
|
|
|
|
France2.4% |
|
|
|
|
|
Bureau Veritas S.A. |
|
|
74,553 |
|
|
|
1,948,959 |
|
Credit Agricole S.A. |
|
|
146,389 |
|
|
|
2,130,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,079,115 |
|
|
|
|
|
|
|
|
|
|
Germany7.3% |
|
|
|
|
|
Adidas AG |
|
|
12,636 |
|
|
|
4,107,567 |
|
Covestro AG (a) |
|
|
18,970 |
|
|
|
882,676 |
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
|
|
13,152 |
|
|
|
3,881,062 |
|
SAP SE |
|
|
25,808 |
|
|
|
3,473,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,345,014 |
|
|
|
|
|
|
|
|
|
|
Hong Kong1.2% |
|
|
|
|
|
AIA Group Ltd. |
|
|
188,000 |
|
|
|
1,977,377 |
|
|
|
|
|
|
|
|
|
|
|
|
Japan4.2% |
|
|
|
|
|
Daikin Industries Ltd. |
|
|
26,200 |
|
|
|
3,696,552 |
|
Keyence Corp. |
|
|
9,700 |
|
|
|
3,406,042 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,102,594 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)1.6% |
|
|
|
|
|
Samsung Electronics Co., Ltd. GDR |
|
|
2,239 |
|
|
|
2,679,381 |
|
|
|
|
|
|
|
|
|
|
|
|
Spain3.8% |
|
|
|
|
|
Amadeus IT Group S.A. |
|
|
50,462 |
|
|
|
4,132,673 |
|
Industria de Diseno Textil S.A. |
|
|
63,785 |
|
|
|
2,254,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,386,867 |
|
|
|
|
|
|
|
|
|
|
Sweden3.8% |
|
|
|
|
|
Assa Abloy AB, Class B |
|
|
114,321 |
|
|
|
2,672,305 |
|
Atlas Copco AB, Class A |
|
|
93,603 |
|
|
|
3,736,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,408,531 |
|
|
|
|
|
|
|
|
|
|
Switzerland3.8% |
|
|
|
|
|
Roche Holding AG |
|
|
12,472 |
|
|
|
4,053,433 |
|
UBS Group AG (c) |
|
|
183,450 |
|
|
|
2,315,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,368,460 |
|
|
|
|
|
|
|
|
|
|
United Kingdom10.7% |
|
|
|
|
|
AstraZeneca PLC |
|
|
36,114 |
|
|
|
3,614,720 |
|
Prudential PLC |
|
|
167,181 |
|
|
|
3,203,293 |
|
Reckitt Benckiser Group PLC |
|
|
38,116 |
|
|
|
3,096,105 |
|
Royal Dutch Shell PLC, Class B |
|
|
122,777 |
|
|
|
3,644,471 |
|
Unilever PLC |
|
|
54,714 |
|
|
|
3,131,974 |
|
Vodafone Group PLC |
|
|
706,616 |
|
|
|
1,371,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,062,368 |
|
|
|
|
|
|
|
|
|
|
United States54.8% |
|
|
|
|
|
AbbVie, Inc. |
|
|
26,383 |
|
|
|
2,335,951 |
|
Accenture PLC, Class A |
|
|
18,734 |
|
|
|
3,944,818 |
|
Adobe, Inc. (c) |
|
|
14,165 |
|
|
|
4,671,759 |
|
Agilent Technologies, Inc. |
|
|
54,521 |
|
|
|
4,651,186 |
|
Alphabet, Inc., Class A (c) |
|
|
2,724 |
|
|
|
3,648,498 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
American Express Co. |
|
|
34,252 |
|
|
$
|
4,264,031 |
|
Apple, Inc. |
|
|
20,505 |
|
|
|
6,021,293 |
|
Bright Horizons Family Solutions, Inc. (c) |
|
|
17,599 |
|
|
|
2,644,954 |
|
Citigroup, Inc. |
|
|
35,400 |
|
|
|
2,828,106 |
|
Colgate-Palmolive Co. |
|
|
30,764 |
|
|
|
2,117,794 |
|
Eaton Corp. PLC |
|
|
26,189 |
|
|
|
2,480,622 |
|
Ecolab, Inc. |
|
|
17,327 |
|
|
|
3,343,938 |
|
EOG Resources, Inc. |
|
|
26,990 |
|
|
|
2,260,682 |
|
Estee Lauder Cos., Inc., Class A |
|
|
14,663 |
|
|
|
3,028,496 |
|
International Flavors & Fragrances, Inc. |
|
|
25,044 |
|
|
|
3,231,177 |
|
Intuit, Inc. |
|
|
17,467 |
|
|
|
4,575,131 |
|
Johnson & Johnson |
|
|
20,196 |
|
|
|
2,945,991 |
|
Microsoft Corp. |
|
|
48,631 |
|
|
|
7,669,109 |
|
Mondelez International, Inc., Class A |
|
|
47,022 |
|
|
|
2,589,972 |
|
S&P Global, Inc. |
|
|
19,479 |
|
|
|
5,318,741 |
|
Starbucks Corp. |
|
|
50,906 |
|
|
|
4,475,655 |
|
UnitedHealth Group, Inc. |
|
|
14,663 |
|
|
|
4,310,629 |
|
Visa, Inc., Class A |
|
|
37,201 |
|
|
|
6,990,068 |
|
Xylem, Inc. |
|
|
32,602 |
|
|
|
2,568,712 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
92,917,313 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$149,145,211) |
|
|
|
165,477,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements2.2% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $3,782,053; collateralized by U.S. Treasury
Bonds, 2.50%, due 2/15/46, valued at $3,861,081 including accrued interest (cost$3,782,000) |
|
$ |
3,782 |
|
|
|
3,782,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$152,927,211) (b)99.9% |
|
|
|
169,259,285 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities0.1% |
|
|
|
155,124 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
169,414,409 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Security with a value of $882,676, representing 0.5% of net assets. |
(b) |
Securities with an aggregate value of $66,372,254, representing 39.2% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Non-income producing. |
Glossary:
GDRGlobal Depositary Receipt
Schedule of Investments
AllianzGI Global Sustainability Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Software |
|
|
12.0 |
% |
IT Services |
|
|
8.9 |
% |
Pharmaceuticals |
|
|
7.7 |
% |
Insurance |
|
|
5.4 |
% |
Technology Hardware, Storage & Peripherals |
|
|
5.1 |
% |
Oil, Gas & Consumable Fuels |
|
|
4.7 |
% |
Capital Markets |
|
|
4.5 |
% |
Chemicals |
|
|
4.4 |
% |
Building Products |
|
|
3.8 |
% |
Machinery |
|
|
3.7 |
% |
Personal Products |
|
|
3.6 |
% |
Household Products |
|
|
3.1 |
% |
Biotechnology |
|
|
2.9 |
% |
Banks |
|
|
2.9 |
% |
Life Sciences Tools & Services |
|
|
2.8 |
% |
Hotels, Restaurants & Leisure |
|
|
2.6 |
% |
Healthcare Providers & Services |
|
|
2.6 |
% |
Consumer Finance |
|
|
2.5 |
% |
Textiles, Apparel & Luxury Goods |
|
|
2.4 |
% |
Interactive Media & Services |
|
|
2.2 |
% |
Electronic Equipment, Instruments & Components |
|
|
2.0 |
% |
Diversified Consumer Services |
|
|
1.6 |
% |
Food Products |
|
|
1.5 |
% |
Electrical Equipment |
|
|
1.5 |
% |
Specialty Retail |
|
|
1.3 |
% |
Professional Services |
|
|
1.2 |
% |
Wireless Telecommunication Services |
|
|
0.8 |
% |
Repurchase Agreements |
|
|
2.2 |
% |
Other assets less liabilities |
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Green Bond Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
CORPORATE BONDS & NOTES81.2% |
|
|
|
|
|
|
|
Brazil0.3% |
|
|
|
|
|
Fibria Overseas Finance Ltd., |
|
|
|
|
|
|
|
|
5.50%, 1/17/27 |
|
$ |
100 |
|
|
$ |
109,809 |
|
|
|
|
|
|
|
|
|
|
|
|
Canada2.9% |
|
|
|
|
|
Bank of Nova Scotia, |
|
|
|
|
|
|
|
|
2.375%, 1/18/23 |
|
|
500 |
|
|
|
506,370 |
|
Toronto-Dominion Bank, |
|
|
|
|
|
|
|
|
1.85%, 9/11/20 |
|
|
500 |
|
|
|
499,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,006,123 |
|
|
|
|
|
|
|
|
|
|
China1.2% |
|
|
|
|
|
Industrial & Commercial Bank of China Ltd. (d), |
|
|
|
|
|
|
|
|
3 mo. LIBOR + 0.720%, 2.66%, 4/25/22 |
|
|
200 |
|
|
|
200,322 |
|
3 mo. LIBOR + 0.830%, 2.77%, 4/25/24 |
|
|
200 |
|
|
|
200,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400,912 |
|
|
|
|
|
|
|
|
|
|
Czech Republic2.2% |
|
|
|
|
|
CPI Property Group SA, |
|
|
|
|
|
|
|
|
1.625%, 4/23/27 |
|
|
700 |
|
|
|
773,710 |
|
|
|
|
|
|
|
|
|
|
|
|
Denmark3.1% |
|
|
|
|
|
Orsted A/S, |
|
|
|
|
|
|
|
|
1.75%, 12/9/3019 (converts to FRN on 9/9/27) (d)(e) |
|
|
100 |
|
|
|
113,405 |
|
2.25%, 1/24/3017 (converts to FRN on 8/2/24) (d)(e) |
|
|
700 |
|
|
|
822,566 |
|
2.50%, 5/16/33 |
|
£ |
100 |
|
|
|
139,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,075,848 |
|
|
|
|
|
|
|
|
|
|
France10.9% |
|
|
|
|
|
BNP Paribas SA, |
|
|
|
|
|
|
|
|
0.50%, 6/4/26 (converts to FRN on 6/4/25) (d) |
|
|
200 |
|
|
|
225,049 |
|
1.00%, 4/17/24 |
|
|
300 |
|
|
|
347,016 |
|
BPCE SA, |
|
|
|
|
|
|
|
|
0.125%, 12/4/24 |
|
|
200 |
|
|
|
223,434 |
|
CNP Assurances, (converts to FRN on 7/27/30) (d), |
|
|
|
|
|
|
|
|
2.00%, 7/27/50 |
|
|
200 |
|
|
|
227,038 |
|
Covivio, |
|
|
|
|
|
|
|
|
1.125%, 9/17/31 |
|
|
100 |
|
|
|
113,298 |
|
Credit Agricole S.A., |
|
|
|
|
|
|
|
|
0.375%, 10/21/25 |
|
|
700 |
|
|
|
783,560 |
|
Electricite de France S.A., |
|
|
|
|
|
|
|
|
3.625%, 10/13/25 |
|
$ |
100 |
|
|
|
106,252 |
|
Engie S.A., |
|
|
|
|
|
|
|
|
0.50%, 10/24/30 |
|
|
600 |
|
|
|
665,119 |
|
1.375%, 1/16/23 (converts to FRN on 1/16/23) (c)(d) |
|
|
500 |
|
|
|
567,665 |
|
1.375%, 6/21/39 |
|
|
100 |
|
|
|
116,223 |
|
Paprec Holding S.A., |
|
|
|
|
|
|
|
|
4.00%, 3/31/25 |
|
|
400 |
|
|
|
432,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,807,374 |
|
|
|
|
|
|
|
|
|
|
Germany3.7% |
|
|
|
|
|
Berlin Hyp AG, |
|
|
|
|
|
|
|
|
0.50%, 11/5/29 |
|
|
300 |
|
|
|
333,550 |
|
E.ON SE, |
|
|
|
|
|
|
|
|
zero coupon, 8/28/24 |
|
|
150 |
|
|
|
166,484 |
|
0.35%, 2/28/30 |
|
|
450 |
|
|
|
486,097 |
|
Kreditanstalt fuer Wiederaufbau, |
|
|
|
|
|
|
|
|
2.00%, 9/29/22 |
|
$ |
300 |
|
|
|
302,608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,288,739 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Hong Kong4.0% |
|
|
|
|
|
CGNPC International Ltd., |
|
|
|
|
|
|
|
|
2.75%, 7/2/24 |
|
$
|
300 |
|
|
$
|
302,083 |
|
MTR Corp CI Ltd, |
|
|
|
|
|
|
|
|
2.50%, 11/2/26 |
|
|
600 |
|
|
|
591,711 |
|
Swire Properties MTN Financing Ltd, |
|
|
|
|
|
|
|
|
3.50%, 1/10/28 |
|
|
500 |
|
|
|
514,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,408,684 |
|
|
|
|
|
|
|
|
|
|
India1.5% |
|
|
|
|
|
State Bank of India/London,
|
|
|
|
|
|
|
|
|
4.50%, 9/28/23 |
|
|
500 |
|
|
|
527,933 |
|
|
|
|
|
|
|
|
|
|
|
|
Italy3.1% |
|
|
|
|
|
A2A SpA, |
|
|
|
|
|
|
|
|
1.00%, 7/16/29 |
|
|
150 |
|
|
|
171,839 |
|
Assicurazioni Generali SpA, |
|
|
|
|
|
|
|
|
2.124%, 10/1/30 |
|
|
500 |
|
|
|
583,150 |
|
Intesa Sanpaolo SpA, |
|
|
|
|
|
|
|
|
0.75%, 12/4/24 |
|
|
100 |
|
|
|
112,736 |
|
Iren SpA, |
|
|
|
|
|
|
|
|
0.875%, 10/14/29 |
|
|
200 |
|
|
|
223,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,091,490 |
|
|
|
|
|
|
|
|
|
|
Japan1.4% |
|
|
|
|
|
Mitsubishi UFJ Financial Group, Inc., |
|
|
|
|
|
|
|
|
2.527%, 9/13/23 |
|
$ |
500 |
|
|
|
503,842 |
|
|
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)1.2% |
|
|
|
|
|
LG Chem Ltd. (a)(b), |
|
|
|
|
|
|
|
|
3.25%, 10/15/24 |
|
|
200 |
|
|
|
205,612 |
|
3.625%, 4/15/29 |
|
|
200 |
|
|
|
206,854 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
412,466 |
|
|
|
|
|
|
|
|
|
|
Lithuania0.4% |
|
|
|
|
|
Lietuvos Energija UAB, |
|
|
|
|
|
|
|
|
2.00%, 7/14/27 |
|
|
100 |
|
|
|
121,740 |
|
|
|
|
|
|
|
|
|
|
|
|
Netherlands15.1% |
|
|
|
|
|
ABN AMRO Bank NV, |
|
|
|
|
|
|
|
|
0.50%, 4/15/26 |
|
|
500 |
|
|
|
568,945 |
|
Cooperatieve Rabobank UA, |
|
|
|
|
|
|
|
|
0.25%, 10/30/26 |
|
|
700 |
|
|
|
777,717 |
|
de Volksbank NV, |
|
|
|
|
|
|
|
|
0.01%, 9/16/24 |
|
|
600 |
|
|
|
666,023 |
|
EDP Finance BV, |
|
|
|
|
|
|
|
|
0.375%, 9/16/26 |
|
|
600 |
|
|
|
665,233 |
|
Koninklijke Philips NV, |
|
|
|
|
|
|
|
|
0.50%, 5/22/26 |
|
|
500 |
|
|
|
569,370 |
|
Nederlandse Waterschapsbank NV, |
|
|
|
|
|
|
|
|
2.375%, 3/24/26 |
|
$ |
300 |
|
|
|
307,678 |
|
OI European Group BV, |
|
|
|
|
|
|
|
|
2.875%, 2/15/25 |
|
|
200 |
|
|
|
233,187 |
|
PostNL NV, |
|
|
|
|
|
|
|
|
0.625%, 9/23/26 |
|
|
600 |
|
|
|
670,281 |
|
TenneT Holding BV, |
|
|
|
|
|
|
|
|
0.875%, 6/3/30 |
|
|
500 |
|
|
|
575,269 |
|
1.50%, 6/3/39 |
|
|
100 |
|
|
|
118,648 |
|
2.995%, 3/1/24 (converts to FRN on 3/1/24) (c)(d) |
|
|
100 |
|
|
|
120,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,272,871 |
|
|
|
|
|
|
|
|
|
|
Norway1.6% |
|
|
|
|
|
SpareBank 1 SMN, |
|
|
|
|
|
|
|
|
0.125%, 9/11/26 |
|
|
500 |
|
|
|
546,797 |
|
|
|
|
|
|
|
|
|
|
|
|
Portugal0.4% |
|
|
|
|
|
EDPEnergias de Portugal S.A., (converts to FRN on 1/30/24) (d), |
|
|
|
|
|
|
|
|
4.496%, 4/30/79 |
|
|
100 |
|
|
|
125,717 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Green Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Russian Federation0.7% |
|
|
|
|
|
Russian Railways Via RZD Capital PLC, |
|
|
|
|
|
|
|
|
2.20%, 5/23/27 |
|
$
|
200 |
|
|
$
|
241,665 |
|
|
|
|
|
|
|
|
|
|
|
|
Spain5.3% |
|
|
|
|
|
Banco Bilbao Vizcaya Argentaria S.A., |
|
|
|
|
|
|
|
|
1.00%, 6/21/26 |
|
|
400 |
|
|
|
461,896 |
|
Banco Santander SA, |
|
|
|
|
|
|
|
|
0.30%, 10/4/26 |
|
|
500 |
|
|
|
555,541 |
|
Iberdrola International BV (c)(d), |
|
|
|
|
|
|
|
|
1.875%, 2/22/23 (converts to FRN on 2/22/23) |
|
|
600 |
|
|
|
693,730 |
|
3.25%, 11/22/24 (converts to FRN on 11/12/24) |
|
|
100 |
|
|
|
123,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,834,794 |
|
|
|
|
|
|
|
|
|
|
Supranational0.5% |
|
|
|
|
|
Stedin Holding NV, |
|
|
|
|
|
|
|
|
0.50%, 11/14/29 |
|
|
150 |
|
|
|
166,519 |
|
|
|
|
|
|
|
|
|
|
|
|
Sweden0.6% |
|
|
|
|
|
SKF AB, |
|
|
|
|
|
|
|
|
0.875%, 11/15/29 |
|
|
200 |
|
|
|
224,344 |
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom3.8% |
|
|
|
|
|
Anglian Water Services Financing PLC, |
|
|
|
|
|
|
|
|
1.625%, 8/10/25 |
|
£ |
400 |
|
|
|
532,853 |
|
Bazalgette Finance PLC, |
|
|
|
|
|
|
|
|
2.375%, 11/29/27 |
|
|
100 |
|
|
|
140,190 |
|
Scottish Hydro Electric Transmission PLC, |
|
|
|
|
|
|
|
|
2.25%, 9/27/35 |
|
|
500 |
|
|
|
656,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,329,201 |
|
|
|
|
|
|
|
|
|
|
United States17.3% |
|
|
|
|
|
Apple, Inc., |
|
zero coupon, 11/15/25 |
|
|
200 |
|
|
|
223,366 |
|
0.50%, 11/15/31 |
|
|
150 |
|
|
|
167,464 |
|
2.85%, 2/23/23 |
|
$ |
100 |
|
|
|
102,786 |
|
3.00%, 6/20/27 |
|
|
500 |
|
|
|
524,108 |
|
Avangrid, Inc., |
|
|
|
|
|
|
|
|
3.80%, 6/1/29 |
|
|
300 |
|
|
|
318,273 |
|
Bank of America Corp. (d), |
|
2.456%, 10/22/25 (converts to FRN on 10/22/24) |
|
|
600 |
|
|
|
602,926 |
|
3.499%, 5/17/22 (converts to FRN on 5/17/21) |
|
|
400 |
|
|
|
408,118 |
|
Boston Properties L.P., |
|
|
|
|
|
|
|
|
3.40%, 6/21/29 |
|
|
300 |
|
|
|
313,103 |
|
DTE Electric Co., |
|
|
|
|
|
|
|
|
3.95%, 3/1/49 |
|
|
200 |
|
|
|
228,998 |
|
Duke Energy Carolinas LLC, |
|
|
|
|
|
|
|
|
3.95%, 11/15/28 |
|
|
100 |
|
|
|
111,386 |
|
Duke Realty L.P., |
|
|
|
|
|
|
|
|
2.875%, 11/15/29 |
|
|
400 |
|
|
|
400,919 |
|
Hanwha Energy USA Holdings Corp., |
|
|
|
|
|
|
|
|
2.375%, 7/30/22 |
|
|
400 |
|
|
|
401,894 |
|
Interstate Power & Light Co., |
|
|
|
|
|
|
|
|
4.10%, 9/26/28 |
|
|
100 |
|
|
|
109,568 |
|
NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
2.20%, 12/2/26 |
|
AUD |
300 |
|
|
|
206,949 |
|
PepsiCo, Inc., |
|
|
|
|
|
|
|
|
2.875%, 10/15/49 |
|
$ |
700 |
|
|
|
676,445 |
|
Public Service Co. of Colorado, Ser. 34, |
|
|
|
|
|
|
|
|
3.20%, 3/1/50 |
|
|
700 |
|
|
|
699,637 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Verizon Communications, Inc., |
|
|
|
|
|
|
|
|
3.875%, 2/8/29 |
|
$
|
100 |
|
|
$
|
110,390 |
|
Welltower, Inc., |
|
|
|
|
|
|
|
|
2.70%, 2/15/27 |
|
|
400 |
|
|
|
402,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,008,450 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$27,926,090) |
|
|
|
28,279,028 |
|
|
|
|
|
|
|
|
|
|
|
SOVEREIGN DEBT OBLIGATIONS16.3% |
|
|
|
Australia0.3% |
|
|
|
|
|
New South Wales Treasury Corp., |
|
|
|
|
|
|
|
|
3.00%, 11/15/28 |
|
AUD |
150 |
|
|
|
116,341 |
|
|
|
|
|
|
|
|
|
|
|
|
Belgium1.5% |
|
|
|
|
|
Kingdom of Belgium Government Bond, |
|
|
|
|
|
|
|
|
1.25%, 4/22/33 |
|
|
400 |
|
|
|
502,670 |
|
|
|
|
|
|
|
|
|
|
|
|
Canada0.3% |
|
|
|
|
|
Province of Quebec Canada, |
|
|
|
|
|
|
|
|
2.60%, 7/6/25 |
|
CAD |
150 |
|
|
|
118,836 |
|
|
|
|
|
|
|
|
|
|
|
|
Chile1.6% |
|
|
|
|
|
Republic Of Chile, |
|
0.83%, 7/2/31 |
|
|
300 |
|
|
|
342,115 |
|
3.50%, 1/25/50 |
|
$ |
200 |
|
|
|
209,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
551,700 |
|
|
|
|
|
|
|
|
|
|
Denmark0.8% |
|
|
|
|
|
Kommunekredit, |
|
|
|
|
|
|
|
|
0.625%, 11/21/39 |
|
|
250 |
|
|
|
277,638 |
|
|
|
|
|
|
|
|
|
|
|
|
Indonesia1.2% |
|
|
|
|
|
Perusahaan Penerbit SBSN Indonesia III, |
|
|
|
|
|
|
|
|
3.90%, 8/20/24 |
|
$ |
400 |
|
|
|
424,962 |
|
|
|
|
|
|
|
|
|
|
|
|
Ireland1.1% |
|
|
|
|
|
Ireland Government Bond, |
|
|
|
|
|
|
|
|
1.35%, 3/18/31 |
|
|
300 |
|
|
|
377,378 |
|
|
|
|
|
|
|
|
|
|
|
|
Netherlands1.7% |
|
|
|
|
|
Netherlands Government Bond (b), |
|
|
|
|
|
|
|
|
0.50%, 1/15/40 |
|
|
500 |
|
|
|
582,471 |
|
|
|
|
|
|
|
|
|
|
|
|
Supranational5.5% |
|
|
|
|
|
African Development Bank, SOFR + 0.320%, |
|
|
|
|
|
|
|
|
1.86%, 11/18/20 (d) |
|
$ |
100 |
|
|
|
99,768 |
|
3.00%, 12/6/21 |
|
|
500 |
|
|
|
512,875 |
|
Central American Bank for Economic Integration, 3 mo. LIBOR + 0.850% (d), |
|
|
|
|
|
|
|
|
2.76%, 11/15/24 |
|
|
750 |
|
|
|
748,774 |
|
Corp Andina de Fomento, |
|
|
|
|
|
|
|
|
0.625%, 11/20/26 |
|
|
500 |
|
|
|
559,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,920,912 |
|
|
|
|
|
|
|
|
|
|
Sweden2.3% |
|
|
|
|
|
City of Gothenburg Sweden, |
|
|
|
|
|
|
|
|
0.455%, 11/27/25 |
|
SEK |
2,000 |
|
|
|
211,752 |
|
Schedule of Investments
AllianzGI Green Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Kommuninvest I Sverige AB, |
|
|
|
|
|
|
|
|
1.625%, 4/24/23 |
|
$ |
600 |
|
|
$
|
598,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
810,115 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Sovereign Debt Obligations (cost$5,659,309) |
|
|
|
5,683,023 |
|
|
|
|
|
|
|
|
|
|
|
Repurchase Agreements2.1% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $724,010; collateralized by U.S. Treasury Bonds,
2.50%, due 5/15/46, valued at $738,682 including accrued interest (cost$724,000) |
|
|
724 |
|
|
|
724,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$34,309,399)99.6% |
|
|
|
34,686,051 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (f)0.4% |
|
|
|
125,973 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
34,812,024 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $412,466,
representing 1.2% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $994,937, representing 2.9% of net assets. |
(c) |
Perpetual maturity. The date shown, if any, is the next call date. |
(d) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
(f) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
Euro-Bund 10-Year Bond |
|
|
25 |
|
|
|
3/6/20 |
|
|
EUR |
2,500 |
|
|
$ |
4,781 |
|
|
$ |
(48,690 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short position contracts: |
|
10-Year U.S. Treasury Note |
|
|
(25 |
) |
|
|
3/20/20 |
|
|
$ |
(2,500 |
) |
|
$ |
(3,211 |
) |
|
$ |
25,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(22,759 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward foreign currency contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
|
U.S.$ Value on Origination Date |
|
|
U.S.$ Value December 31, 2019 |
|
|
Unrealized Depreciation |
|
Sold: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
468,410 Australian Dollar settling 3/27/20 |
|
|
State Street Bank London |
|
|
$ |
322,578 |
|
|
$ |
329,390 |
|
|
$ |
(6,812 |
) |
1,127,600 British Pound settling 3/27/20 |
|
|
State Street Bank London |
|
|
|
1,475,793 |
|
|
|
1,497,060 |
|
|
|
(21,267 |
) |
156,784 Canadian Dollar settling 3/27/20 |
|
|
State Street Bank London |
|
|
|
119,580 |
|
|
|
120,773 |
|
|
|
(1,193 |
) |
16,854,000 Euro settling 3/27/20 |
|
|
State Street Bank London |
|
|
|
18,865,781 |
|
|
|
19,004,742 |
|
|
|
(138,961 |
) |
1,990,000 Swedish Krona settling 3/27/20 |
|
|
State Street Bank London |
|
|
|
212,027 |
|
|
|
213,321 |
|
|
|
(1,294 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(169,527 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(g) |
At December 31, 2019, the Fund pledged $93,568 in cash as collateral for futures contracts. |
Glossary:
AUDAustralian Dollar
£British Pound
CADCanadian Dollar
EUR/Euro
FRNFloating Rate Note
LIBORLondon Inter-Bank Offered Rate
MTNMedium Term Note
SEKSwedish
Krona
SOFRSecured Overnight Financing Rate
Schedule of Investments
AllianzGI Green Bond Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Banks |
|
|
27.8 |
% |
Electric Utilities |
|
|
25.6 |
% |
Sovereign Debt Obligations |
|
|
16.3 |
% |
Transportation |
|
|
4.3 |
% |
Real Estate |
|
|
4.0 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
3.2 |
% |
Computers |
|
|
2.9 |
% |
Insurance |
|
|
2.3 |
% |
Food & Beverage |
|
|
2.0 |
% |
Water Utilities |
|
|
1.9 |
% |
Healthcare-Products |
|
|
1.6 |
% |
Environmental Services |
|
|
1.2 |
% |
Chemicals |
|
|
1.2 |
% |
Energy-Alternate Sources |
|
|
1.2 |
% |
Containers & Packaging |
|
|
0.7 |
% |
Metal Fabricate/Hardware |
|
|
0.7 |
% |
Telecommunications |
|
|
0.3 |
% |
Paper & Forest Products |
|
|
0.3 |
% |
Repurchase Agreements |
|
|
2.1 |
% |
Other assets less liabilities |
|
|
0.4 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI High Yield Bond Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
CORPORATE BONDS & NOTES92.4% |
|
|
|
|
Advertising0.5% |
|
|
|
|
|
|
|
|
National CineMedia LLC (a)(b), |
|
|
|
|
|
|
|
|
5.875%, 4/15/28 |
|
$ |
545 |
|
|
$ |
580,614 |
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense3.0% |
|
|
|
|
|
Kratos Defense & Security Solutions, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
6.50%, 11/30/25 |
|
|
770 |
|
|
|
826,144 |
|
TransDigm, Inc., |
|
|
|
|
|
|
|
|
5.50%, 11/15/27 (a)(b) |
|
|
1,145 |
|
|
|
1,159,977 |
|
6.50%, 5/15/25 |
|
|
650 |
|
|
|
677,355 |
|
Triumph Group, Inc. (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 9/15/24 |
|
|
800 |
|
|
|
842,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,506,144 |
|
|
|
|
|
|
|
|
|
|
Auto Components2.1% |
|
|
|
|
|
Adient U.S. LLC (a)(b), |
|
|
|
|
|
|
|
|
7.00%, 5/15/26 |
|
|
520 |
|
|
|
567,774 |
|
Goodyear Tire & Rubber Co., |
|
|
|
|
|
|
|
|
5.00%, 5/31/26 |
|
|
795 |
|
|
|
828,271 |
|
Panther BF Aggregator 2 L.P. (a)(b),
|
|
|
|
|
|
|
|
|
8.50%, 5/15/27 |
|
|
930 |
|
|
|
989,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,385,891 |
|
|
|
|
|
|
|
|
|
|
Auto Manufacturers1.5% |
|
|
|
|
|
Navistar International Corp. (a)(b),
|
|
|
|
|
|
|
|
|
6.625%, 11/1/25 |
|
|
1,000 |
|
|
|
1,020,835 |
|
Tesla, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.30%, 8/15/25 |
|
|
800 |
|
|
|
777,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,798,827 |
|
|
|
|
|
|
|
|
|
|
Banks0.3% |
|
|
|
|
|
CIT Group, Inc.,
|
|
|
|
|
|
|
|
|
6.125%, 3/9/28 |
|
|
305 |
|
|
|
360,768 |
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals0.6% |
|
|
|
|
|
Tronox, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
6.50%, 4/15/26 |
|
|
620 |
|
|
|
640,290 |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Services4.3% |
|
|
|
|
|
Cenveo Corp. (cost$2,740,388; purchased 3/22/12-3/11/16) (a)(b)(c)(d)(e)(g),
|
|
|
|
|
|
|
|
|
6.00%, 5/15/24 |
|
|
2,299 |
|
|
|
|
|
Herc Holdings, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 7/15/27 |
|
|
850 |
|
|
|
896,771 |
|
Hertz Corp. (a)(b),
|
|
|
|
|
|
|
|
|
7.125%, 8/1/26 |
|
|
1,070 |
|
|
|
1,160,816 |
|
Laureate Education, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
8.25%, 5/1/25 |
|
|
815 |
|
|
|
879,173 |
|
RR Donnelley & Sons Co.,
|
|
|
|
|
|
|
|
|
7.00%, 2/15/22 |
|
|
693 |
|
|
|
719,204 |
|
United Rentals North America, Inc., |
|
|
|
|
|
|
|
|
5.25%, 1/15/30 |
|
|
535 |
|
|
|
576,810 |
|
5.50%, 7/15/25 |
|
|
750 |
|
|
|
780,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,013,635 |
|
|
|
|
|
|
|
|
|
|
Computers0.5% |
|
|
|
|
|
Dell International LLC (a)(b),
|
|
|
|
|
|
|
|
|
7.125%, 6/15/24 |
|
|
580 |
|
|
|
612,625 |
|
|
|
|
|
|
|
|
|
|
|
|
Containers & Packaging1.6% |
|
|
|
|
|
Berry Global, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.625%, 7/15/27 |
|
|
1,050 |
|
|
|
1,128,776 |
|
Trivium Packaging Finance BV (a)(b),
|
|
|
|
|
|
|
|
|
8.50%, 8/15/27 |
|
|
640 |
|
|
|
713,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,841,960 |
|
|
|
|
|
|
|
|
|
|
Distribution/Wholesale1.6% |
|
|
|
|
|
H&E Equipment Services, Inc.,
|
|
|
|
|
|
|
|
|
5.625%, 9/1/25 |
|
|
930 |
|
|
|
976,886 |
|
Performance Food Group, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 10/15/27 |
|
|
805 |
|
|
|
862,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,839,262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Diversified Financial Services5.9% |
|
|
|
|
|
Ally Financial, Inc.,
|
|
|
|
|
|
|
|
|
5.75%, 11/20/25 |
|
$
|
335 |
|
|
$
|
375,619 |
|
CCF Holdings LLC, PIK 10.75% (a)(b)(d)(e),
|
|
|
|
|
|
|
|
|
10.75%, 12/15/23 |
|
|
3,101 |
|
|
|
1,292,659 |
|
Community Choice Financial Issuer LLC (cost$2,000,000; purchased 9/6/18) (a)(b)(g),
|
|
|
|
|
|
|
|
|
9.00%, 6/15/23 |
|
|
2,000 |
|
|
|
2,002,500 |
|
Navient Corp., |
|
|
|
|
|
|
|
|
6.75%, 6/15/26 |
|
|
880 |
|
|
|
968,836 |
|
7.25%, 9/25/23 |
|
|
295 |
|
|
|
334,093 |
|
Springleaf Finance Corp., |
|
|
|
|
|
|
|
|
6.625%, 1/15/28 |
|
|
845 |
|
|
|
955,399 |
|
8.25%, 10/1/23 |
|
|
795 |
|
|
|
928,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,857,599 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities0.8% |
|
|
|
|
|
NRG Energy, Inc.,
|
|
|
|
|
|
|
|
|
5.75%, 1/15/28 |
|
|
880 |
|
|
|
956,428 |
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components0.9% |
|
Energizer Holdings, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
7.75%, 1/15/27 |
|
|
920 |
|
|
|
1,029,848 |
|
|
|
|
|
|
|
|
|
|
|
|
Engineering & Construction1.6% |
|
|
|
|
|
AECOM,
|
|
|
|
|
|
|
|
|
5.875%, 10/15/24 |
|
|
750 |
|
|
|
831,581 |
|
Tutor Perini Corp. (a)(b),
|
|
|
|
|
|
|
|
|
6.875%, 5/1/25 |
|
|
1,120 |
|
|
|
1,083,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,915,181 |
|
|
|
|
|
|
|
|
|
|
Entertainment4.8% |
|
|
|
|
|
AMC Entertainment Holdings, Inc.,
|
|
|
|
|
|
|
|
|
6.125%, 5/15/27 |
|
|
1,245 |
|
|
|
1,139,206 |
|
Cedar Fair L.P.,
|
|
|
|
|
|
|
|
|
5.375%, 4/15/27 |
|
|
145 |
|
|
|
156,368 |
|
International Game Technology PLC (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 1/15/27 |
|
|
385 |
|
|
|
433,837 |
|
6.50%, 2/15/25 |
|
|
415 |
|
|
|
466,871 |
|
Lions Gate Capital Holdings LLC (a)(b),
|
|
|
|
|
|
|
|
|
6.375%, 2/1/24 |
|
|
970 |
|
|
|
1,016,085 |
|
Live Nation Entertainment, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.625%, 3/15/26 |
|
|
780 |
|
|
|
832,921 |
|
Scientific Games International, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 10/15/25 |
|
|
815 |
|
|
|
855,750 |
|
Stars Group Holdings BV (a)(b),
|
|
|
|
|
|
|
|
|
7.00%, 7/15/26 |
|
|
675 |
|
|
|
732,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,633,818 |
|
|
|
|
|
|
|
|
|
|
Food & Beverage1.8% |
|
|
|
|
|
Albertsons Cos., Inc., |
|
|
|
|
|
|
|
|
6.625%, 6/15/24 |
|
|
825 |
|
|
|
865,549 |
|
7.50%, 3/15/26 (a)(b) |
|
|
370 |
|
|
|
416,018 |
|
Post Holdings, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.75%, 3/1/27 |
|
|
795 |
|
|
|
854,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,136,051 |
|
|
|
|
|
|
|
|
|
|
Food Service0.7% |
|
|
|
|
|
Aramark Services, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 2/1/28 |
|
|
750 |
|
|
|
791,700 |
|
|
|
|
|
|
|
|
|
|
|
|
Hand/Machine Tools0.6% |
|
|
|
|
|
Colfax Corp. (a)(b),
|
|
|
|
|
|
|
|
|
6.375%, 2/15/26 |
|
|
680 |
|
|
|
742,050 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Products1.2% |
|
|
|
|
|
Avantor, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
9.00%, 10/1/25 |
|
|
765 |
|
|
|
856,506 |
|
Hill-Rom Holdings, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 2/15/25 |
|
|
560 |
|
|
|
584,032 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,440,538 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI High Yield Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Healthcare-Services7.2% |
|
|
|
|
|
Centene Corp. (a)(b), |
|
|
|
|
|
|
|
|
4.625%, 12/15/29 |
|
$
|
465 |
|
|
$
|
489,750 |
|
5.375%, 6/1/26 |
|
|
600 |
|
|
|
638,236 |
|
Charles River Laboratories International, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 4/1/26 |
|
|
445 |
|
|
|
479,409 |
|
DaVita, Inc.,
|
|
|
|
|
|
|
|
|
5.125%, 7/15/24 |
|
|
700 |
|
|
|
718,959 |
|
Encompass Health Corp., |
|
|
|
|
|
|
|
|
4.50%, 2/1/28 |
|
|
410 |
|
|
|
425,621 |
|
4.75%, 2/1/30 |
|
|
410 |
|
|
|
426,134 |
|
HCA, Inc., |
|
|
|
|
|
|
|
|
5.375%, 9/1/26 |
|
|
745 |
|
|
|
831,625 |
|
5.625%, 9/1/28 |
|
|
490 |
|
|
|
559,310 |
|
7.50%, 2/15/22 |
|
|
325 |
|
|
|
359,704 |
|
Select Medical Corp. (a)(b),
|
|
|
|
|
|
|
|
|
6.25%, 8/15/26 |
|
|
840 |
|
|
|
910,858 |
|
Tenet Healthcare Corp., |
|
|
|
|
|
|
|
|
6.25%, 2/1/27 (a)(b) |
|
|
1,110 |
|
|
|
1,196,025 |
|
8.125%, 4/1/22 |
|
|
415 |
|
|
|
459,832 |
|
WellCare Health Plans, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.375%, 8/15/26 |
|
|
855 |
|
|
|
912,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,407,620 |
|
|
|
|
|
|
|
|
|
|
Home Builders1.3% |
|
|
|
|
|
KB Home,
|
|
|
|
|
|
|
|
|
4.80%, 11/15/29 |
|
|
565 |
|
|
|
577,712 |
|
Taylor Morrison Communities, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.75%, 1/15/28 |
|
|
815 |
|
|
|
890,671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,468,383 |
|
|
|
|
|
|
|
|
|
|
Household Products/Wares0.5% |
|
|
|
|
|
Prestige Brands, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.125%, 1/15/28 |
|
|
555 |
|
|
|
582,750 |
|
|
|
|
|
|
|
|
|
|
|
|
Internet3.4% |
|
|
|
|
|
Go Daddy Operating Co. LLC (a)(b),
|
|
|
|
|
|
|
|
|
5.25%, 12/1/27 |
|
|
780 |
|
|
|
822,393 |
|
Match Group, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 12/15/27 |
|
|
820 |
|
|
|
857,185 |
|
Netflix, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.375%, 11/15/29 |
|
|
1,055 |
|
|
|
1,125,506 |
|
NortonLifeLock, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 4/15/25 |
|
|
500 |
|
|
|
510,911 |
|
Zayo Group LLC (a)(b),
|
|
|
|
|
|
|
|
|
5.75%, 1/15/27 |
|
|
645 |
|
|
|
657,318 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,973,313 |
|
|
|
|
|
|
|
|
|
|
Lodging2.6% |
|
|
|
|
|
Hilton Domestic Operating Co., Inc.,
|
|
|
|
|
|
|
|
|
5.125%, 5/1/26 |
|
|
560 |
|
|
|
590,995 |
|
MGM Resorts International,
|
|
|
|
|
|
|
|
|
5.50%, 4/15/27 |
|
|
595 |
|
|
|
661,551 |
|
Wyndham Hotels & Resorts, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.375%, 4/15/26 |
|
|
940 |
|
|
|
993,883 |
|
Wynn Las Vegas LLC (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 3/1/25 |
|
|
750 |
|
|
|
805,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,051,734 |
|
|
|
|
|
|
|
|
|
|
Machinery-Construction & Mining0.5% |
|
|
|
|
|
Terex Corp. (a)(b),
|
|
|
|
|
|
|
|
|
5.625%, 2/1/25 |
|
|
560 |
|
|
|
578,900 |
|
|
|
|
|
|
|
|
|
|
|
|
Media9.6% |
|
|
|
|
|
CCO Holdings LLC (a)(b), |
|
|
|
|
|
|
|
|
5.125%, 5/1/23 |
|
|
275 |
|
|
|
281,247 |
|
5.125%, 5/1/27 |
|
|
1,055 |
|
|
|
1,114,977 |
|
5.50%, 5/1/26 |
|
|
275 |
|
|
|
290,420 |
|
Clear Channel Worldwide Holdings, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
9.25%, 2/15/24 |
|
|
842 |
|
|
|
934,271 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
CSC Holdings LLC (a)(b), |
|
|
|
|
|
|
|
|
7.50%, 4/1/28 |
|
$
|
860 |
|
|
$
|
973,797 |
|
7.75%, 7/15/25 |
|
|
580 |
|
|
|
619,846 |
|
10.875%, 10/15/25 |
|
|
370 |
|
|
|
414,169 |
|
Diamond Sports Group LLC (a)(b), |
|
|
|
|
|
|
|
|
5.375%, 8/15/26 |
|
|
300 |
|
|
|
304,028 |
|
6.625%, 8/15/27 |
|
|
1,075 |
|
|
|
1,047,426 |
|
DISH DBS Corp., |
|
|
|
|
|
|
|
|
5.875%, 7/15/22 |
|
|
280 |
|
|
|
297,298 |
|
5.875%, 11/15/24 |
|
|
770 |
|
|
|
788,449 |
|
Gray Television, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.875%, 7/15/26 |
|
|
820 |
|
|
|
873,792 |
|
LiveStyle, Inc. (cost$2,787,813; purchased
1/31/14-2/3/14) (a)(b)(c)(d)(e)(g)(i),
|
|
|
|
|
|
|
|
|
9.625%, 2/1/19 |
|
|
2,761 |
|
|
|
3 |
|
Meredith Corp.,
|
|
|
|
|
|
|
|
|
6.875%, 2/1/26 |
|
|
580 |
|
|
|
604,678 |
|
Nexstar Broadcasting, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.625%, 7/15/27 |
|
|
850 |
|
|
|
897,302 |
|
Sirius XM Radio, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 8/1/27 |
|
|
1,110 |
|
|
|
1,173,103 |
|
Virgin Media Secured Finance PLC (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 5/15/29 |
|
|
555 |
|
|
|
588,633 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,203,439 |
|
|
|
|
|
|
|
|
|
|
Metal Fabricate/Hardware0.9% |
|
|
|
|
|
Park-Ohio Industries, Inc.,
|
|
|
|
|
|
|
|
|
6.625%, 4/15/27 |
|
|
1,005 |
|
|
|
1,026,007 |
|
|
|
|
|
|
|
|
|
|
|
|
Mining2.5% |
|
|
|
|
|
Alcoa Nederland Holding BV (a)(b),
|
|
|
|
|
|
|
|
|
6.75%, 9/30/24 |
|
|
785 |
|
|
|
827,845 |
|
Constellium SE (a)(b),
|
|
|
|
|
|
|
|
|
6.625%, 3/1/25 |
|
|
720 |
|
|
|
748,865 |
|
Freeport-McMoRan, Inc.,
|
|
|
|
|
|
|
|
|
5.25%, 9/1/29 |
|
|
320 |
|
|
|
343,408 |
|
Joseph T. Ryerson & Son, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
11.00%, 5/15/22 |
|
|
890 |
|
|
|
941,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,861,287 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing0.5% |
|
|
|
|
|
Koppers, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
6.00%, 2/15/25 |
|
|
605 |
|
|
|
635,244 |
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels4.9% |
|
|
|
|
|
Callon Petroleum Co.,
|
|
|
|
|
|
|
|
|
6.125%, 10/1/24 |
|
|
840 |
|
|
|
858,009 |
|
Carrizo Oil & Gas, Inc.,
|
|
|
|
|
|
|
|
|
6.25%, 4/15/23 |
|
|
835 |
|
|
|
849,479 |
|
CVR Refining LLC,
|
|
|
|
|
|
|
|
|
6.50%, 11/1/22 |
|
|
410 |
|
|
|
416,147 |
|
Oasis Petroleum, Inc.,
|
|
|
|
|
|
|
|
|
6.875%, 3/15/22 |
|
|
140 |
|
|
|
136,500 |
|
SM Energy Co.,
|
|
|
|
|
|
|
|
|
6.625%, 1/15/27 |
|
|
670 |
|
|
|
660,069 |
|
Sunoco L.P., |
|
|
|
|
|
|
|
|
5.50%, 2/15/26 |
|
|
540 |
|
|
|
561,788 |
|
5.875%, 3/15/28 |
|
|
395 |
|
|
|
420,538 |
|
Transocean, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
7.50%, 1/15/26 |
|
|
925 |
|
|
|
915,586 |
|
USA Compression Partners L.P.,
|
|
|
|
|
|
|
|
|
6.875%, 9/1/27 |
|
|
830 |
|
|
|
866,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,684,179 |
|
|
|
|
|
|
|
|
|
|
Paper & Forest Products0.9% |
|
|
|
|
|
Mercer International, Inc., |
|
|
|
|
|
|
|
|
5.50%, 1/15/26 |
|
|
380 |
|
|
|
387,610 |
|
7.375%, 1/15/25 |
|
|
560 |
|
|
|
604,444 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
992,054 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI High Yield Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Pharmaceuticals2.6% |
|
|
|
|
|
Bausch Health Americas, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
8.50%, 1/31/27 |
|
$
|
815 |
|
|
$
|
929,630 |
|
Bausch Health Cos., Inc. (a)(b), |
|
|
|
|
|
|
|
|
5.25%, 1/30/30 |
|
|
275 |
|
|
|
285,862 |
|
7.25%, 5/30/29 |
|
|
755 |
|
|
|
863,984 |
|
Horizon Pharma USA, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 8/1/27 |
|
|
825 |
|
|
|
892,609 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,972,085 |
|
|
|
|
|
|
|
|
|
|
Pipelines3.6% |
|
|
|
|
|
Cheniere Energy Partners L.P.,
|
|
|
|
|
|
|
|
|
5.625%, 10/1/26 |
|
|
785 |
|
|
|
831,609 |
|
Crestwood Midstream Partners L.P.,
|
|
|
|
|
|
|
|
|
5.75%, 4/1/25 |
|
|
910 |
|
|
|
932,741 |
|
DCP Midstream Operating L.P.,
|
|
|
|
|
|
|
|
|
5.125%, 5/15/29 |
|
|
605 |
|
|
|
628,807 |
|
NGL Energy Partners L.P. (a)(b),
|
|
|
|
|
|
|
|
|
7.50%, 4/15/26 |
|
|
610 |
|
|
|
591,622 |
|
Targa Resources Partners L.P. (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 7/15/27 |
|
|
585 |
|
|
|
641,657 |
|
6.875%, 1/15/29 |
|
|
510 |
|
|
|
567,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,193,479 |
|
|
|
|
|
|
|
|
|
|
Real Estate1.6% |
|
|
|
|
|
Iron Mountain, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
4.875%, 9/15/27 |
|
|
955 |
|
|
|
988,256 |
|
Kennedy-Wilson, Inc.,
|
|
|
|
|
|
|
|
|
5.875%, 4/1/24 |
|
|
835 |
|
|
|
857,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,846,210 |
|
|
|
|
|
|
|
|
|
|
Retail2.4% |
|
|
|
|
|
1011778 BC ULC (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 10/15/25 |
|
|
950 |
|
|
|
982,856 |
|
Conns, Inc.,
|
|
|
|
|
|
|
|
|
7.25%, 7/15/22 |
|
|
1,095 |
|
|
|
1,092,604 |
|
Yum! Brands, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
4.75%, 1/15/30 |
|
|
645 |
|
|
|
676,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,752,291 |
|
|
|
|
|
|
|
|
|
|
Semiconductors0.9% |
|
|
|
|
|
Amkor Technology, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
6.625%, 9/15/27 |
|
|
935 |
|
|
|
1,031,399 |
|
|
|
|
|
|
|
|
|
|
|
|
Software2.9% |
|
|
|
|
|
IQVIA, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.00%, 5/15/27 |
|
|
890 |
|
|
|
943,558 |
|
j2 Cloud Services LLC (a)(b),
|
|
|
|
|
|
|
|
|
6.00%, 7/15/25 |
|
|
975 |
|
|
|
1,035,533 |
|
Rackspace Hosting, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
8.625%, 11/15/24 |
|
|
430 |
|
|
|
421,400 |
|
SS&C Technologies, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.50%, 9/30/27 |
|
|
860 |
|
|
|
919,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,320,153 |
|
|
|
|
|
|
|
|
|
|
Telecommunications8.7% |
|
|
|
|
|
CenturyLink, Inc., |
|
|
|
|
|
|
|
|
5.125%, 12/15/26 (a)(b) |
|
|
560 |
|
|
|
571,273 |
|
7.50%, 4/1/24, Ser. Y |
|
|
745 |
|
|
|
841,541 |
|
Cincinnati Bell, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
7.00%, 7/15/24 |
|
|
775 |
|
|
|
814,711 |
|
CommScope Technologies LLC (a)(b),
|
|
|
|
|
|
|
|
|
6.00%, 6/15/25 |
|
|
810 |
|
|
|
812,940 |
|
Consolidated Communications, Inc.,
|
|
|
|
|
|
|
|
|
6.50%, 10/1/22 |
|
|
950 |
|
|
|
871,625 |
|
Hughes Satellite Systems Corp.,
|
|
|
|
|
|
|
|
|
6.625%, 8/1/26 |
|
|
965 |
|
|
|
1,073,898 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Intelsat Jackson Holdings S.A.,
|
|
|
|
|
|
|
|
|
5.50%, 8/1/23 |
|
$
|
900 |
|
|
$
|
775,013 |
|
Level 3 Financing, Inc.,
|
|
|
|
|
|
|
|
|
5.375%, 5/1/25 |
|
|
625 |
|
|
|
648,178 |
|
Sprint Communications, Inc.,
|
|
|
|
|
|
|
|
|
11.50%, 11/15/21 |
|
|
1,545 |
|
|
|
1,767,974 |
|
Sprint Corp.,
|
|
|
|
|
|
|
|
|
7.625%, 3/1/26 |
|
|
765 |
|
|
|
845,057 |
|
T-Mobile USA, Inc.,
|
|
|
|
|
|
|
|
|
6.50%, 1/15/26 |
|
|
1,045 |
|
|
|
1,122,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,144,603 |
|
|
|
|
|
|
|
|
|
|
Toys/Games/Hobbies0.1% |
|
|
|
|
|
Mattel, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
5.875%, 12/15/27 |
|
|
150 |
|
|
|
158,340 |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation0.5% |
|
|
|
|
|
XPO Logistics, Inc. (a)(b),
|
|
|
|
|
|
|
|
|
6.125%, 9/1/23 |
|
|
575 |
|
|
|
594,771 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$109,734,137) |
|
|
|
107,561,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
PREFERRED STOCK (a)(d)(e)(h)(i)5.3% |
|
|
|
|
Media5.3% |
|
|
|
|
|
|
|
|
LiveStyle, Inc., Ser. A |
|
|
2,672 |
|
|
|
403,606 |
|
LiveStyle, Inc., Ser. B (f) |
|
|
57,581 |
|
|
|
5,758,100 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$5,907,093) |
|
|
|
6,161,706 |
|
|
|
|
|
|
|
|
|
|
|
COMMON STOCK (d)(e)(h)0.0% |
|
|
|
|
Aerospace & Defense0.0% |
|
|
|
|
|
|
|
|
Erickson, Inc. (a) |
|
|
2,675 |
|
|
|
54,784 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks0.0% |
|
|
|
|
|
|
|
|
CCF Holdings LLC, Class A (cost$0; purchased 12/18/18) (g) |
|
|
8,562 |
|
|
|
1 |
|
CCF Holdings LLC, Class B (cost$0; purchased 12/12/18) (f)(g) |
|
|
7,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
Media0.0% |
|
|
|
|
|
|
|
|
LiveStyle, Inc. (a)(i) |
|
|
67,983 |
|
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$1,491,067) |
|
|
|
54,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Units |
|
|
|
|
|
WARRANTS (d)(e)(h)0.0% |
|
|
|
|
Advertising0.0% |
|
|
|
|
|
|
|
|
Affinion Group Holdings, Inc., exercise price $67.12, expires 4/1/24, (cost$769,740; purchased
4/10/19) (g) |
|
|
3,898 |
|
|
|
30,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Media0.0% |
|
|
|
|
|
|
|
|
LiveStyle, Inc., expires 11/30/21, Ser. C, (a)(i) |
|
|
14,500 |
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Warrants (cost$769,740) |
|
|
|
30,833 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI High Yield Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements0.8% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $913,013; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $933,677 including accrued interest (cost$913,000) |
|
$ |
913 |
|
|
$
|
913,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$118,815,037)98.5% |
|
|
|
114,721,801 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities1.5% |
|
|
|
1,724,774 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
116,446,575 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
|
Actual amount rounds to less than $1. |
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $
74,624,917, representing 64.1% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $68,408,419, representing 58.7% of net assets. |
(d) |
Fair-ValuedSecurities with an aggregate value of $7,539,993, representing 6.5% of net assets. |
(g) |
Restricted. The aggregate cost of such securities is $8,297,941. The aggregate value is $2,033,336, representing 1.7% of net assets.
|
(h) |
Non-income producing. |
(i) |
A member of the Funds portfolio management team is a member of the board of directors of LiveStyle, Inc. The Funds aggregate value
of investments in LiveStyle, Inc. represents 5.3% of net assets. |
Glossary:
PIKPayment-in-Kind
Schedule of Investments
AllianzGI International Small-Cap Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
COMMON STOCK97.6% |
|
|
|
|
|
|
|
|
|
|
|
Australia5.4% |
|
|
|
|
|
|
|
|
Austal Ltd. |
|
|
241,063 |
|
|
$ |
645,612 |
|
Charter Hall Retail REIT |
|
|
193,226 |
|
|
|
579,125 |
|
Cleanaway Waste Management Ltd. |
|
|
344,220 |
|
|
|
485,836 |
|
Downer EDI Ltd. |
|
|
119,301 |
|
|
|
683,166 |
|
Growthpoint Properties Australia Ltd. REIT |
|
|
84,500 |
|
|
|
246,123 |
|
GUD Holdings Ltd. |
|
|
81,273 |
|
|
|
632,912 |
|
NEXTDC Ltd. (e) |
|
|
105,211 |
|
|
|
486,094 |
|
Reliance Worldwide Corp. Ltd. |
|
|
176,700 |
|
|
|
500,784 |
|
Seven Group Holdings Ltd. |
|
|
33,900 |
|
|
|
463,265 |
|
Starpharma Holdings Ltd. (e) |
|
|
97,800 |
|
|
|
82,773 |
|
Worley Ltd. |
|
|
44,600 |
|
|
|
481,794 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,287,484 |
|
|
|
|
|
|
|
|
|
|
Austria4.5% |
|
|
|
|
|
ANDRITZ AG |
|
|
28,606 |
|
|
|
1,229,779 |
|
UNIQA Insurance Group AG |
|
|
156,229 |
|
|
|
1,590,226 |
|
Wienerberger AG |
|
|
55,186 |
|
|
|
1,635,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,455,459 |
|
|
|
|
|
|
|
|
|
|
China0.5% |
|
|
|
|
|
China Everbright Greentech Ltd. (a) |
|
|
210,235 |
|
|
|
113,903 |
|
Ping An Healthcare and Technology Co., Ltd. (a)(e) |
|
|
48,600 |
|
|
|
354,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
468,619 |
|
|
|
|
|
|
|
|
|
|
Denmark2.5% |
|
|
|
|
|
Ambu A/S, Class B |
|
|
53,022 |
|
|
|
889,026 |
|
SimCorp A/S |
|
|
14,177 |
|
|
|
1,612,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,501,052 |
|
|
|
|
|
|
|
|
|
|
|
|
Finland0.9% |
|
|
|
|
|
Huhtamaki Oyj |
|
|
20,134 |
|
|
|
934,539 |
|
|
|
|
|
|
|
|
|
|
|
|
France4.8% |
|
|
|
|
|
Ingenico Group S.A. |
|
|
14,854 |
|
|
|
1,615,793 |
|
Korian S.A. |
|
|
33,821 |
|
|
|
1,594,295 |
|
Nexity S.A. |
|
|
30,208 |
|
|
|
1,518,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,728,385 |
|
|
|
|
|
|
|
|
|
|
Germany8.9% |
|
|
|
|
|
Alstria office REIT-AG |
|
|
77,991 |
|
|
|
1,465,332 |
|
Bechtle AG |
|
|
10,724 |
|
|
|
1,497,391 |
|
CANCOM SE |
|
|
25,767 |
|
|
|
1,514,143 |
|
Hella GmbH & Co. KGaA |
|
|
27,962 |
|
|
|
1,545,216 |
|
Scout24 AG (a) |
|
|
22,193 |
|
|
|
1,468,582 |
|
TLG Immobilien AG |
|
|
37,770 |
|
|
|
1,205,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,695,994 |
|
|
|
|
|
|
|
|
|
|
Hong Kong0.7% |
|
|
|
|
|
Minth Group Ltd. |
|
|
20,000 |
|
|
|
70,621 |
|
Techtronic Industries Co., Ltd. |
|
|
72,500 |
|
|
|
591,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
662,344 |
|
|
|
|
|
|
|
|
|
|
|
|
Indonesia0.5% |
|
|
|
|
|
Jasa Marga Persero Tbk PT |
|
|
1,256,900 |
|
|
|
467,906 |
|
|
|
|
|
|
|
|
|
|
|
|
Ireland1.4% |
|
|
|
|
|
Dalata Hotel Group PLC |
|
|
234,431 |
|
|
|
1,354,250 |
|
|
|
|
|
|
|
|
|
|
|
|
Italy2.6% |
|
|
|
|
|
Buzzi Unicem SpA |
|
|
56,559 |
|
|
|
1,425,677 |
|
De Longhi SpA |
|
|
54,572 |
|
|
|
1,154,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,580,497 |
|
|
|
|
|
|
|
|
|
|
Japan30.9% |
|
|
|
|
|
Anritsu Corp. |
|
|
49,500 |
|
|
|
979,757 |
|
Azbil Corp. |
|
|
62,400 |
|
|
|
1,757,540 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
CKD Corp. |
|
|
82,100 |
|
|
$
|
1,362,253 |
|
COMSYS Holdings Corp. |
|
|
59,300 |
|
|
|
1,698,602 |
|
|
|
|
Dai-ichi Seiko Co., Ltd. |
|
|
19,400 |
|
|
|
468,025 |
|
Fuji Electric Co., Ltd. |
|
|
49,400 |
|
|
|
1,500,639 |
|
Fuji Oil Holdings, Inc. |
|
|
25,300 |
|
|
|
680,553 |
|
Glory Ltd. |
|
|
20,800 |
|
|
|
628,556 |
|
Hisamitsu Pharmaceutical Co., Inc. |
|
|
24,100 |
|
|
|
1,173,705 |
|
Ichigo, Inc. |
|
|
146,900 |
|
|
|
618,539 |
|
Itochu Techno-Solutions Corp. |
|
|
51,300 |
|
|
|
1,444,718 |
|
Jeol Ltd. |
|
|
52,100 |
|
|
|
1,573,064 |
|
Marui Group Co., Ltd. |
|
|
12,700 |
|
|
|
309,658 |
|
Maruwa Co., Ltd. |
|
|
18,500 |
|
|
|
1,430,897 |
|
Mitsubishi UFJ Lease & Finance Co., Ltd. |
|
|
348,400 |
|
|
|
2,242,891 |
|
Nihon Unisys Ltd. |
|
|
33,800 |
|
|
|
1,060,271 |
|
Nishio Rent All Co., Ltd. |
|
|
12,600 |
|
|
|
359,009 |
|
Penta-Ocean Construction Co., Ltd. |
|
|
302,500 |
|
|
|
1,872,701 |
|
PeptiDream, Inc. (e) |
|
|
6,500 |
|
|
|
332,171 |
|
Ship Healthcare Holdings, Inc. |
|
|
23,100 |
|
|
|
1,065,632 |
|
Sojitz Corp. |
|
|
404,400 |
|
|
|
1,303,420 |
|
T&D Holdings, Inc. |
|
|
183,000 |
|
|
|
2,314,164 |
|
Taiheiyo Cement Corp. |
|
|
24,000 |
|
|
|
704,474 |
|
TechnoPro Holdings, Inc. |
|
|
18,900 |
|
|
|
1,319,051 |
|
Tokyu Fudosan Holdings Corp. |
|
|
301,100 |
|
|
|
2,079,189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,279,479 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)0.9% |
|
|
|
|
|
DB Insurance Co., Ltd. |
|
|
8,247 |
|
|
|
372,529 |
|
Fila Korea Ltd. |
|
|
10,899 |
|
|
|
498,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
870,545 |
|
|
|
|
|
|
|
|
|
|
Netherlands2.9% |
|
|
|
|
|
ASM International NV |
|
|
13,330 |
|
|
|
1,504,589 |
|
ASR Nederland NV |
|
|
34,699 |
|
|
|
1,300,362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,804,951 |
|
|
|
|
|
|
|
|
|
|
Norway2.7% |
|
|
|
|
|
Elkem ASA (a) |
|
|
396,176 |
|
|
|
1,117,197 |
|
Storebrand ASA |
|
|
195,185 |
|
|
|
1,537,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,654,879 |
|
|
|
|
|
|
|
|
|
|
Singapore2.1% |
|
|
|
|
|
Frasers Centrepoint Trust |
|
|
318,200 |
|
|
|
665,418 |
|
Mapletree Commercial Trust REIT |
|
|
430,571 |
|
|
|
765,664 |
|
Mapletree Industrial Trust REIT |
|
|
303,700 |
|
|
|
587,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,018,440 |
|
|
|
|
|
|
|
|
|
|
Sweden2.9% |
|
|
|
|
|
AAK AB |
|
|
77,868 |
|
|
|
1,481,066 |
|
Elekta AB, Class B |
|
|
107,011 |
|
|
|
1,409,280 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,890,346 |
|
|
|
|
|
|
|
|
|
|
Switzerland5.7% |
|
|
|
|
|
Galenica AG (a) |
|
|
24,733 |
|
|
|
1,527,538 |
|
Georg Fischer AG |
|
|
1,279 |
|
|
|
1,296,938 |
|
Interroll Holding AG |
|
|
657 |
|
|
|
1,476,519 |
|
OC Oerlikon Corp. AG |
|
|
110,251 |
|
|
|
1,292,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,593,005 |
|
|
|
|
|
|
|
|
|
|
Taiwan0.7% |
|
|
|
|
|
Win Semiconductors Corp. |
|
|
20,000 |
|
|
|
197,070 |
|
Yageo Corp. |
|
|
36,000 |
|
|
|
524,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
721,554 |
|
|
|
|
|
|
|
|
|
|
|
|
Thailand0.4% |
|
|
|
|
|
Amata Corp. PCL (c)(d) |
|
|
605,000 |
|
|
|
405,085 |
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom15.7% |
|
|
|
|
|
ASOS PLC (e) |
|
|
25,163 |
|
|
|
1,127,622 |
|
Auto Trader Group PLC (a) |
|
|
204,495 |
|
|
|
1,614,927 |
|
Derwent London PLC REIT |
|
|
30,279 |
|
|
|
1,608,313 |
|
Schedule of Investments
AllianzGI International Small-Cap Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Genus PLC |
|
|
36,349 |
|
|
$
|
1,531,041 |
|
HomeServe PLC |
|
|
90,582 |
|
|
|
1,516,609 |
|
Howden Joinery Group PLC |
|
|
174,578 |
|
|
|
1,555,359 |
|
Intermediate Capital Group PLC |
|
|
77,283 |
|
|
|
1,648,364 |
|
Moneysupermarket.com Group PLC |
|
|
294,610 |
|
|
|
1,293,287 |
|
Rotork PLC |
|
|
352,168 |
|
|
|
1,565,495 |
|
Spectris PLC |
|
|
39,983 |
|
|
|
1,540,850 |
|
Tullow Oil PLC |
|
|
448,720 |
|
|
|
381,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,383,537 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$78,593,088) |
|
|
|
95,758,350 |
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK1.1% |
|
|
Germany1.1% |
|
Jungheinrich AG (cost$1,321,708) |
|
|
42,823 |
|
|
|
1,028,523 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$79,914,796) (b)98.7% |
|
|
|
96,786,873 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (f)1.3% |
|
|
|
1,283,490 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
98,070,363 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $6,196,863, representing 6.3% of net assets. |
(b) |
Securities with an aggregate value of $81,275,110, representing 82.9% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Fair-ValuedSecurity with a value of $405,085, representing 0.4% of net assets. |
(e) |
Non-income producing.
|
(f) |
Includes net unrealized appreciation of other financial instruments as follows: |
Forward foreign currency contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
|
U.S.$ Value on Origination Date |
|
|
U.S.$ Value December 31, 2019 |
|
|
Unrealized Appreciation |
|
Sold: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,166,746 Hong Kong Dollar settling 1/3/20 |
|
|
State Street Bank London |
|
|
$ |
406,664 |
|
|
$ |
406,394 |
|
|
$ |
270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Glossary:
REITReal Estate Investment Trust
Schedule of Investments
AllianzGI International Small-Cap Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Machinery |
|
|
10.7 |
% |
Electronic Equipment, Instruments & Components |
|
|
8.5 |
% |
Insurance |
|
|
7.3 |
% |
IT Services |
|
|
6.1 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
6.0 |
% |
Real Estate Management & Development |
|
|
5.9 |
% |
Healthcare Providers & Services |
|
|
4.3 |
% |
Healthcare Equipment & Supplies |
|
|
4.0 |
% |
Construction Materials |
|
|
3.8 |
% |
Trading Companies & Distributors |
|
|
3.8 |
% |
Construction & Engineering |
|
|
3.6 |
% |
Interactive Media & Services |
|
|
3.1 |
% |
Commercial Services & Supplies |
|
|
2.7 |
% |
Internet & Direct Marketing Retail |
|
|
2.5 |
% |
Auto Components |
|
|
2.3 |
% |
Diversified Financial Services |
|
|
2.3 |
% |
Food Products |
|
|
2.2 |
% |
Biotechnology |
|
|
1.9 |
% |
Semiconductors & Semiconductor Equipment |
|
|
1.7 |
% |
Capital Markets |
|
|
1.7 |
% |
Software |
|
|
1.6 |
% |
Electrical Equipment |
|
|
1.5 |
% |
Hotels, Restaurants & Leisure |
|
|
1.4 |
% |
Professional Services |
|
|
1.3 |
% |
Pharmaceuticals |
|
|
1.3 |
% |
Household Durables |
|
|
1.2 |
% |
Chemicals |
|
|
1.1 |
% |
Containers & Packaging |
|
|
1.0 |
% |
Aerospace & Defense |
|
|
0.7 |
% |
Building Products |
|
|
0.5 |
% |
Textiles, Apparel & Luxury Goods |
|
|
0.5 |
% |
Energy Equipment & Services |
|
|
0.5 |
% |
Transportation Infrastructure |
|
|
0.5 |
% |
Oil, Gas & Consumable Fuels |
|
|
0.4 |
% |
Healthcare Technology |
|
|
0.4 |
% |
Multi-Line Retail |
|
|
0.3 |
% |
Independent Power Producers & Energy Traders |
|
|
0.1 |
% |
Other assets less liabilities |
|
|
1.3 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Schedule of Investments
AllianzGI Micro Cap Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
COMMON STOCK98.9% |
|
|
Banks3.6% |
|
Carolina Financial Corp. |
|
|
3,361 |
|
|
$ |
145,296 |
|
First Foundation, Inc. |
|
|
10,839 |
|
|
|
188,598 |
|
Preferred Bank |
|
|
2,966 |
|
|
|
178,227 |
|
Tristate Capital Holdings, Inc. (a) |
|
|
5,724 |
|
|
|
149,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
661,632 |
|
|
|
|
|
|
|
|
|
|
Beverages0.7% |
|
|
|
|
|
MGP Ingredients, Inc. |
|
|
2,770 |
|
|
|
134,207 |
|
|
|
|
|
|
|
|
|
|
|
|
Biotechnology15.5% |
|
|
|
|
|
Adverum Biotechnologies, Inc. (a) |
|
|
6,863 |
|
|
|
79,062 |
|
Avrobio, Inc. (a) |
|
|
2,785 |
|
|
|
56,062 |
|
BioSpecifics Technologies Corp. (a) |
|
|
2,323 |
|
|
|
132,272 |
|
Dicerna Pharmaceuticals, Inc. (a) |
|
|
6,565 |
|
|
|
144,627 |
|
Dynavax Technologies Corp. (a) |
|
|
10,023 |
|
|
|
57,332 |
|
Fate Therapeutics, Inc. (a) |
|
|
5,674 |
|
|
|
111,040 |
|
Homology Medicines, Inc. (a) |
|
|
3,666 |
|
|
|
75,886 |
|
Intellia Therapeutics, Inc. (a) |
|
|
7,395 |
|
|
|
108,485 |
|
Invitae Corp. (a) |
|
|
8,817 |
|
|
|
142,218 |
|
Kadmon Holdings, Inc. (a) |
|
|
19,762 |
|
|
|
89,522 |
|
Karyopharm Therapeutics, Inc. (a) |
|
|
5,335 |
|
|
|
102,272 |
|
Kindred Biosciences, Inc. (a) |
|
|
11,413 |
|
|
|
96,782 |
|
Krystal Biotech, Inc. (a) |
|
|
1,487 |
|
|
|
82,350 |
|
Kura Oncology, Inc. (a) |
|
|
5,773 |
|
|
|
79,379 |
|
MeiraGTx Holdings PLC (a) |
|
|
2,819 |
|
|
|
56,436 |
|
Natera, Inc. (a) |
|
|
6,939 |
|
|
|
233,775 |
|
Progenics Pharmaceuticals, Inc. (a) |
|
|
11,594 |
|
|
|
59,013 |
|
Rocket Pharmaceuticals, Inc. (a) |
|
|
3,329 |
|
|
|
75,768 |
|
Stemline Therapeutics, Inc. (a) |
|
|
5,672 |
|
|
|
60,293 |
|
TG Therapeutics, Inc. (a) |
|
|
9,430 |
|
|
|
104,673 |
|
Twist Bioscience Corp. (a) |
|
|
3,471 |
|
|
|
72,891 |
|
Vanda Pharmaceuticals, Inc. (a) |
|
|
5,906 |
|
|
|
96,918 |
|
Veracyte, Inc. (a) |
|
|
12,379 |
|
|
|
345,622 |
|
Vericel Corp. (a) |
|
|
8,673 |
|
|
|
150,910 |
|
Viking Therapeutics, Inc. (a) |
|
|
9,724 |
|
|
|
77,987 |
|
Voyager Therapeutics, Inc. (a) |
|
|
4,317 |
|
|
|
60,222 |
|
ZIOPHARM Oncology, Inc. (a) |
|
|
22,031 |
|
|
|
103,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,855,783 |
|
|
|
|
|
|
|
|
|
|
|
|
Building Products0.7% |
|
|
|
|
|
PGT Innovations, Inc. (a) |
|
|
7,995 |
|
|
|
119,205 |
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering2.9% |
|
|
|
|
|
Construction Partners, Inc., Class A (a) |
|
|
8,521 |
|
|
|
143,749 |
|
NV5 Global, Inc. (a) |
|
|
4,132 |
|
|
|
208,460 |
|
Sterling Construction Co., Inc. (a) |
|
|
12,976 |
|
|
|
182,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
534,911 |
|
|
|
|
|
|
|
|
|
|
|
|
Construction Materials0.7% |
|
|
|
|
|
U.S. Concrete, Inc. (a) |
|
|
3,182 |
|
|
|
132,562 |
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Consumer Services0.8% |
|
|
|
|
|
Carriage Services, Inc. |
|
|
5,721 |
|
|
|
146,458 |
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Equipment0.6% |
|
|
|
|
|
Allied Motion Technologies, Inc. |
|
|
2,335 |
|
|
|
113,248 |
|
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components1.2% |
|
|
|
|
|
Napco Security Technologies, Inc. (a) |
|
|
7,748 |
|
|
|
227,714 |
|
|
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services0.8% |
|
|
|
|
|
DMC Global, Inc. |
|
|
3,177 |
|
|
|
142,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Food Products1.1% |
|
|
|
|
|
John B Sanfilippo & Son, Inc. |
|
|
2,188 |
|
|
$
|
199,721 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare Equipment & Supplies11.5% |
|
|
|
|
|
Antares Pharma, Inc. (a) |
|
|
42,191 |
|
|
|
198,298 |
|
Axogen, Inc. (a) |
|
|
7,413 |
|
|
|
132,619 |
|
Axonics Modulation Technologies, Inc. (a) |
|
|
5,487 |
|
|
|
152,045 |
|
BioLife Solutions, Inc. (a) |
|
|
9,984 |
|
|
|
161,541 |
|
Cerus Corp. (a) |
|
|
25,181 |
|
|
|
106,264 |
|
CryoLife, Inc. (a) |
|
|
5,516 |
|
|
|
149,428 |
|
CryoPort, Inc. (a) |
|
|
18,414 |
|
|
|
303,094 |
|
Mesa Laboratories, Inc. |
|
|
794 |
|
|
|
198,024 |
|
OrthoPediatrics Corp. (a) |
|
|
5,794 |
|
|
|
272,260 |
|
Surmodics, Inc. (a) |
|
|
3,531 |
|
|
|
146,289 |
|
Tactile Systems Technology, Inc. (a) |
|
|
4,339 |
|
|
|
292,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,112,788 |
|
|
|
|
|
|
|
|
|
|
Healthcare Providers & Services7.2% |
|
|
|
|
|
Addus HomeCare Corp. (a) |
|
|
2,846 |
|
|
|
276,688 |
|
BioTelemetry, Inc. (a) |
|
|
4,324 |
|
|
|
200,201 |
|
Catasys, Inc. (a) |
|
|
9,915 |
|
|
|
161,714 |
|
Joint Corp. (a) |
|
|
11,249 |
|
|
|
181,559 |
|
R1 RCM, Inc. (a) |
|
|
19,897 |
|
|
|
258,263 |
|
RadNet, Inc. (a) |
|
|
11,629 |
|
|
|
236,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,314,494 |
|
|
|
|
|
|
|
|
|
|
Healthcare Technology2.0% |
|
|
|
|
|
Tabula Rasa HealthCare, Inc. (a) |
|
|
4,847 |
|
|
|
235,952 |
|
Vocera Communications, Inc. (a) |
|
|
5,858 |
|
|
|
121,612 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
357,564 |
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure3.1% |
|
|
|
|
|
Carrols Restaurant Group, Inc. (a) |
|
|
15,496 |
|
|
|
109,247 |
|
Century Casinos, Inc. (a) |
|
|
17,127 |
|
|
|
135,646 |
|
Kura Sushi USA, Inc., Class A (a) |
|
|
7,201 |
|
|
|
183,265 |
|
Lindblad Expeditions Holdings, Inc. (a) |
|
|
9,023 |
|
|
|
147,526 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
575,684 |
|
|
|
|
|
|
|
|
|
|
Household Durables1.0% |
|
|
|
|
|
LGI Homes, Inc. (a) |
|
|
2,473 |
|
|
|
174,717 |
|
|
|
|
|
|
|
|
|
|
|
|
Insurance1.1% |
|
|
|
|
|
Palomar Holdings, Inc. (a) |
|
|
3,917 |
|
|
|
197,769 |
|
|
|
|
|
|
|
|
|
|
|
|
Interactive Media & Services1.0% |
|
|
|
|
|
QuinStreet, Inc. (a) |
|
|
12,075 |
|
|
|
184,868 |
|
|
|
|
|
|
|
|
|
|
|
|
Internet & Direct Marketing Retail1.0% |
|
|
|
|
|
Rubicon Project, Inc. (a) |
|
|
22,798 |
|
|
|
186,032 |
|
|
|
|
|
|
|
|
|
|
|
|
IT Services3.3% |
|
|
|
|
|
Brightcove, Inc. (a) |
|
|
18,830 |
|
|
|
163,633 |
|
Hackett Group, Inc. |
|
|
8,999 |
|
|
|
145,244 |
|
Paysign, Inc. (a) |
|
|
11,169 |
|
|
|
113,365 |
|
Perficient, Inc. (a) |
|
|
4,172 |
|
|
|
192,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
614,446 |
|
|
|
|
|
|
|
|
|
|
Life Sciences Tools & Services4.5% |
|
|
|
|
|
Codexis, Inc. (a) |
|
|
7,653 |
|
|
|
122,371 |
|
NanoString Technologies, Inc. (a) |
|
|
5,745 |
|
|
|
159,826 |
|
NeoGenomics, Inc. (a) |
|
|
11,836 |
|
|
|
346,203 |
|
Quanterix Corp. (a) |
|
|
8,470 |
|
|
|
200,146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
828,546 |
|
|
|
|
|
|
|
|
|
|
Machinery4.2% |
|
|
|
|
|
Columbus McKinnon Corp. |
|
|
4,212 |
|
|
|
168,606 |
|
Kadant, Inc. |
|
|
2,036 |
|
|
|
214,472 |
|
Kornit Digital Ltd. (a) |
|
|
8,643 |
|
|
|
295,850 |
|
Spartan Motors, Inc. |
|
|
4,946 |
|
|
|
89,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
768,352 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Micro Cap Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Media3.6% |
|
|
|
|
|
Cardlytics, Inc. (a) |
|
|
6,966 |
|
|
$
|
437,883 |
|
TechTarget, Inc. (a) |
|
|
8,282 |
|
|
|
216,160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
654,043 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals4.8% |
|
|
|
|
|
Amphastar Pharmaceuticals, Inc. (a) |
|
|
6,935 |
|
|
|
133,776 |
|
ANI Pharmaceuticals, Inc. (a) |
|
|
2,593 |
|
|
|
159,910 |
|
Axsome Therapeutics, Inc. (a) |
|
|
3,241 |
|
|
|
334,990 |
|
Cara Therapeutics, Inc. (a) |
|
|
4,489 |
|
|
|
72,318 |
|
Collegium Pharmaceutical, Inc. (a) |
|
|
5,637 |
|
|
|
116,010 |
|
Omeros Corp. (a) |
|
|
4,280 |
|
|
|
60,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
877,309 |
|
|
|
|
|
|
|
|
|
|
Professional Services2.9% |
|
|
|
|
|
CRA International, Inc. |
|
|
3,148 |
|
|
|
171,472 |
|
Franklin Covey Co. (a) |
|
|
4,158 |
|
|
|
134,012 |
|
Kforce, Inc. |
|
|
5,569 |
|
|
|
221,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
526,573 |
|
|
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor Equipment5.0% |
|
ACM Research, Inc., Class A (a) |
|
|
5,317 |
|
|
|
98,099 |
|
Adesto Technologies Corp. (a) |
|
|
20,581 |
|
|
|
174,938 |
|
Axcelis Technologies, Inc. (a) |
|
|
6,721 |
|
|
|
161,942 |
|
FormFactor, Inc. (a) |
|
|
10,301 |
|
|
|
267,517 |
|
Ichor Holdings Ltd. (a) |
|
|
6,340 |
|
|
|
210,932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
913,428 |
|
|
|
|
|
|
|
|
|
|
Software11.3% |
|
|
|
|
|
Agilysys, Inc. (a) |
|
|
7,253 |
|
|
|
184,299 |
|
Cerence, Inc. (a) |
|
|
5,475 |
|
|
|
123,899 |
|
Digital Turbine, Inc. (a) |
|
|
34,626 |
|
|
|
246,883 |
|
Everbridge, Inc. (a) |
|
|
1,990 |
|
|
|
155,379 |
|
LivePerson, Inc. (a) |
|
|
6,426 |
|
|
|
237,762 |
|
Model N, Inc. (a) |
|
|
10,858 |
|
|
|
380,790 |
|
PROS Holdings, Inc. (a) |
|
|
2,862 |
|
|
|
171,491 |
|
Sapiens International Corp. NV |
|
|
8,114 |
|
|
|
186,622 |
|
Upland Software, Inc. (a) |
|
|
6,488 |
|
|
|
231,687 |
|
Zix Corp. (a) |
|
|
24,128 |
|
|
|
163,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,082,400 |
|
|
|
|
|
|
|
|
|
|
Thrifts & Mortgage Finance2.1% |
|
|
|
|
|
First Defiance Financial Corp. |
|
|
6,285 |
|
|
|
197,914 |
|
Meridian Bancorp, Inc. |
|
|
9,309 |
|
|
|
187,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
384,932 |
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services0.7% |
|
|
|
|
|
Boingo Wireless, Inc. (a) |
|
|
11,934 |
|
|
|
130,677 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$12,770,878) |
|
|
|
18,152,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements1.4% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $266,004; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $271,615 including accrued interest (cost$266,000) |
|
$ |
266 |
|
|
$
|
266,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$13,036,878)100.3% |
|
|
|
|
|
|
18,418,837 |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities in excess of other assets(0.3)% |
|
|
|
(48,120 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
|
|
|
$ |
18,370,717 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Non-income producing.
|
Schedule of Investments
AllianzGI NFJ Emerging Markets Value Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
COMMON STOCK95.6% |
|
|
Brazil6.3% |
|
B3 S.A.Brasil Bolsa Balcao |
|
|
61,000 |
|
|
$ |
655,300 |
|
Banco Bradesco S.A. ADR |
|
|
68,503 |
|
|
|
613,102 |
|
Banco Santander Brasil S.A. UNIT |
|
|
63,200 |
|
|
|
781,556 |
|
Cia de Locacao das Americas |
|
|
110,200 |
|
|
|
624,231 |
|
Energisa S.A. UNIT |
|
|
43,400 |
|
|
|
579,203 |
|
GRUPO SBF S.A. (e) |
|
|
96,200 |
|
|
|
844,979 |
|
IRB Brasil Resseguros S.A. |
|
|
71,800 |
|
|
|
697,532 |
|
Petrobras Distribuidora S.A. |
|
|
102,700 |
|
|
|
769,594 |
|
StoneCo Ltd., Class A (e) |
|
|
18,000 |
|
|
|
718,020 |
|
Vale S.A. ADR (e) |
|
|
74,200 |
|
|
|
979,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,262,957 |
|
|
|
|
|
|
|
|
|
|
Chile0.4% |
|
|
|
|
|
Banco Santander Chile |
|
|
7,371,263 |
|
|
|
421,523 |
|
|
|
|
|
|
|
|
|
|
|
|
China32.3% |
|
|
|
|
|
Agricultural Bank of China Ltd., Class H |
|
|
1,977,000 |
|
|
|
870,198 |
|
Alibaba Group Holding Ltd. (e) |
|
|
23,100 |
|
|
|
614,237 |
|
Alibaba Group Holding Ltd. ADR (e) |
|
|
33,294 |
|
|
|
7,061,657 |
|
Anhui Conch Cement Co., Ltd., Class H |
|
|
162,000 |
|
|
|
1,180,353 |
|
ANTA Sports Products Ltd. |
|
|
81,000 |
|
|
|
725,208 |
|
Bank of China Ltd., Class H |
|
|
2,031,000 |
|
|
|
868,208 |
|
BOC Aviation Ltd. (a) |
|
|
56,500 |
|
|
|
574,618 |
|
China Communications Services Corp., Ltd., Class H |
|
|
908,000 |
|
|
|
661,917 |
|
China Construction Bank Corp., Class H |
|
|
679,000 |
|
|
|
588,721 |
|
China Gas Holdings Ltd. |
|
|
186,800 |
|
|
|
699,419 |
|
China Merchants Bank Co., Ltd., Class H |
|
|
167,100 |
|
|
|
859,083 |
|
China Mobile Ltd. |
|
|
62,000 |
|
|
|
523,891 |
|
China Overseas Land & Investment Ltd. |
|
|
226,000 |
|
|
|
880,178 |
|
CIFI Holdings Group Co., Ltd. |
|
|
742,000 |
|
|
|
627,387 |
|
Consun Pharmaceutical Group Ltd. |
|
|
1,130,000 |
|
|
|
672,984 |
|
ENN Energy Holdings Ltd. |
|
|
53,100 |
|
|
|
580,128 |
|
Guangdong Investment Ltd. |
|
|
332,000 |
|
|
|
694,398 |
|
Industrial & Commercial Bank of China Ltd., Class H |
|
|
932,000 |
|
|
|
719,065 |
|
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A |
|
|
50,306 |
|
|
|
799,600 |
|
Logan Property Holdings Co., Ltd. |
|
|
346,000 |
|
|
|
580,557 |
|
Longfor Group Holdings Ltd. (a) |
|
|
131,500 |
|
|
|
615,812 |
|
Luxshare Precision Industry Co., Ltd., Class A |
|
|
112,680 |
|
|
|
592,223 |
|
Luzhou Laojiao Co., Ltd., Class A |
|
|
60,437 |
|
|
|
753,423 |
|
Midea Group Co., Ltd., Class A |
|
|
71,500 |
|
|
|
599,472 |
|
Ping An Insurance Group Co of China Ltd., Class A |
|
|
96,000 |
|
|
|
1,179,747 |
|
Ping An Insurance Group Co. of China Ltd., Class H |
|
|
148,000 |
|
|
|
1,751,352 |
|
Shenzhou International Group Holdings Ltd. |
|
|
39,400 |
|
|
|
575,834 |
|
SSY Group Ltd. |
|
|
828,000 |
|
|
|
670,662 |
|
Tencent Holdings Ltd. |
|
|
129,400 |
|
|
|
6,233,990 |
|
Tencent Holdings Ltd. ADR |
|
|
13,300 |
|
|
|
638,533 |
|
Times China Holdings Ltd. |
|
|
318,000 |
|
|
|
633,685 |
|
XTEP International Holdings Ltd. |
|
|
1,165,500 |
|
|
|
619,303 |
|
Yum China Holdings, Inc. |
|
|
11,643 |
|
|
|
558,980 |
|
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. |
|
|
41,973 |
|
|
|
662,984 |
|
Zhejiang Expressway Co., Ltd., Class H |
|
|
700,000 |
|
|
|
638,175 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,505,982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
France1.9% |
|
|
|
|
|
Kering S.A. ADR |
|
|
11,900 |
|
|
$
|
777,784 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
|
1,658 |
|
|
|
772,551 |
|
Thales S.A. |
|
|
5,723 |
|
|
|
595,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,145,841 |
|
|
|
|
|
|
|
|
|
|
Greece0.6% |
|
|
|
|
|
Motor Oil Hellas Corinth Refineries S.A. |
|
|
30,899 |
|
|
|
715,154 |
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong3.0% |
|
|
|
|
|
AIA Group Ltd. |
|
|
113,600 |
|
|
|
1,194,840 |
|
Sands China Ltd. |
|
|
115,200 |
|
|
|
615,522 |
|
SITC International Holdings Co., Ltd. |
|
|
623,000 |
|
|
|
760,289 |
|
Techtronic Industries Co., Ltd. |
|
|
108,500 |
|
|
|
885,544 |
|
Times Neighborhood Holdings Ltd. (e) |
|
|
122,307 |
|
|
|
75,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,532,163 |
|
|
|
|
|
|
|
|
|
|
Hungary0.8% |
|
|
|
|
|
OTP Bank Nyrt |
|
|
16,429 |
|
|
|
860,222 |
|
|
|
|
|
|
|
|
|
|
|
|
India8.1% |
|
|
|
|
|
Aarti Industries Ltd. |
|
|
64,342 |
|
|
|
748,858 |
|
Atul Ltd. |
|
|
12,510 |
|
|
|
709,958 |
|
Bajaj Finserv Ltd. |
|
|
4,826 |
|
|
|
635,390 |
|
HDFC Bank Ltd. |
|
|
46,829 |
|
|
|
835,595 |
|
ICICI Bank Ltd. |
|
|
82,355 |
|
|
|
624,561 |
|
Indraprastha Gas Ltd. (e) |
|
|
120,160 |
|
|
|
721,032 |
|
Infosys Ltd. |
|
|
125,385 |
|
|
|
1,291,218 |
|
ITC Ltd. |
|
|
228,663 |
|
|
|
761,638 |
|
KEI Industries Ltd. (e) |
|
|
137,722 |
|
|
|
884,180 |
|
Reliance Industries Ltd. |
|
|
62,816 |
|
|
|
1,332,459 |
|
Sonata Software Ltd. |
|
|
103,486 |
|
|
|
448,287 |
|
Varun Beverages Ltd. (e) |
|
|
46,800 |
|
|
|
464,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,457,837 |
|
|
|
|
|
|
|
|
|
|
Indonesia2.4% |
|
|
|
|
|
Ace Hardware Indonesia Tbk PT |
|
|
5,087,000 |
|
|
|
547,835 |
|
Bank Central Asia Tbk PT |
|
|
302,500 |
|
|
|
727,514 |
|
Bank Rakyat Indonesia Persero Tbk PT |
|
|
2,329,800 |
|
|
|
737,442 |
|
Mitra Adiperkasa Tbk PT |
|
|
9,523,500 |
|
|
|
723,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,736,374 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)6.2% |
|
|
|
|
|
AfreecaTV Co., Ltd. |
|
|
11,662 |
|
|
|
694,077 |
|
Cheil Worldwide, Inc. |
|
|
26,222 |
|
|
|
545,323 |
|
Fila Korea Ltd. |
|
|
13,752 |
|
|
|
628,380 |
|
Hansol Chemical Co., Ltd. |
|
|
8,014 |
|
|
|
733,389 |
|
Macquarie Korea Infrastructure Fund |
|
|
75,013 |
|
|
|
752,433 |
|
NCSoft Corp. |
|
|
1,173 |
|
|
|
547,328 |
|
Samsung Electronics Co., Ltd. |
|
|
35,931 |
|
|
|
1,731,402 |
|
Shinhan Financial Group Co., Ltd. (e) |
|
|
16,896 |
|
|
|
633,478 |
|
SK Hynix, Inc. |
|
|
11,417 |
|
|
|
928,633 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,194,443 |
|
|
|
|
|
|
|
|
|
|
Malaysia1.3% |
|
|
|
|
|
Carlsberg Brewery Malaysia Bhd., Class B |
|
|
107,500 |
|
|
|
772,644 |
|
Serba Dinamik Holdings Bhd. |
|
|
1,396,080 |
|
|
|
751,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,524,211 |
|
|
|
|
|
|
|
|
|
|
Mexico2.3% |
|
|
|
|
|
Grupo Aeroportuario del Centro Norte S.A.B de C.V. |
|
|
88,600 |
|
|
|
664,611 |
|
Grupo Financiero Banorte S.A.B de C.V., Class O |
|
|
134,535 |
|
|
|
751,745 |
|
Prologis Property Mexico S.A. de C.V. REIT |
|
|
261,046 |
|
|
|
578,216 |
|
Wal-Mart de Mexico S.A.B de C.V. |
|
|
233,600 |
|
|
|
669,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,663,589 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI NFJ Emerging Markets Value Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
Peru0.7% |
|
|
|
|
|
Credicorp Ltd. |
|
|
2,700 |
|
|
$
|
575,451 |
|
Intercorp Financial Services, Inc. |
|
|
6,573 |
|
|
|
268,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
844,287 |
|
|
|
|
|
|
|
|
|
|
Philippines0.6% |
|
|
|
|
|
SM Investments Corp. |
|
|
33,600 |
|
|
|
691,426 |
|
|
|
|
|
|
|
|
|
|
|
|
Poland0.4% |
|
|
|
|
|
Grupa Lotos S.A. |
|
|
22,798 |
|
|
|
502,242 |
|
|
|
|
|
|
|
|
|
|
|
|
Russian Federation4.2% |
|
|
|
|
|
Gazprom Neft PJSC ADR |
|
|
23,660 |
|
|
|
811,538 |
|
Lukoil PJSC (c)(d) |
|
|
8,942 |
|
|
|
888,298 |
|
Novatek PJSC GDR |
|
|
3,809 |
|
|
|
773,227 |
|
Sberbank of Russia PJSC ADR |
|
|
54,828 |
|
|
|
899,179 |
|
Tatneft PJSC (c)(d) |
|
|
59,320 |
|
|
|
725,484 |
|
TCS Group Holding PLC GDR |
|
|
38,605 |
|
|
|
830,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,927,734 |
|
|
|
|
|
|
|
|
|
|
Saudi Arabia0.5% |
|
|
|
|
|
Saudi Arabian Oil Co. (a)(e) |
|
|
60,887 |
|
|
|
572,140 |
|
|
|
|
|
|
|
|
|
|
|
|
Singapore2.2% |
|
|
|
|
|
DBS Group Holdings Ltd. |
|
|
55,600 |
|
|
|
1,072,037 |
|
Keppel DC REIT |
|
|
498,400 |
|
|
|
771,132 |
|
Mapletree Industrial Trust REIT |
|
|
388,200 |
|
|
|
750,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,593,951 |
|
|
|
|
|
|
|
|
|
|
South Africa2.9% |
|
|
|
|
|
AngloGold Ashanti Ltd. |
|
|
27,218 |
|
|
|
618,279 |
|
Capitec Bank Holdings Ltd. |
|
|
8,037 |
|
|
|
829,855 |
|
Clicks Group Ltd. |
|
|
31,253 |
|
|
|
572,555 |
|
Naspers Ltd., Class N |
|
|
5,213 |
|
|
|
853,091 |
|
Standard Bank Group Ltd. |
|
|
43,198 |
|
|
|
519,584 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,393,364 |
|
|
|
|
|
|
|
|
|
|
Taiwan11.6% |
|
|
|
|
|
Accton Technology Corp. |
|
|
130,000 |
|
|
|
729,758 |
|
Chipbond Technology Corp. |
|
|
257,000 |
|
|
|
577,548 |
|
E.Sun Financial Holding Co., Ltd. |
|
|
759,000 |
|
|
|
707,324 |
|
First Financial Holding Co., Ltd. |
|
|
730,000 |
|
|
|
577,634 |
|
Getac Technology Corp. |
|
|
326,000 |
|
|
|
508,349 |
|
Merry Electronics Co., Ltd. |
|
|
111,000 |
|
|
|
620,356 |
|
Novatek Microelectronics Corp. |
|
|
88,000 |
|
|
|
644,775 |
|
Parade Technologies Ltd. |
|
|
30,000 |
|
|
|
616,679 |
|
Poya International Co., Ltd. |
|
|
49,000 |
|
|
|
688,955 |
|
Realtek Semiconductor Corp. |
|
|
94,000 |
|
|
|
738,673 |
|
Sinbon Electronics Co., Ltd. |
|
|
181,000 |
|
|
|
748,215 |
|
Taiwan High Speed Rail Corp. |
|
|
397,000 |
|
|
|
508,993 |
|
Taiwan Semiconductor Manufacturing Co., Ltd. |
|
|
143,178 |
|
|
|
1,584,669 |
|
Taiwan Semiconductor Manufacturing Co., Ltd. ADR |
|
|
20,769 |
|
|
|
1,206,679 |
|
Taiwan Union Technology Corp. |
|
|
112,000 |
|
|
|
554,749 |
|
Tripod Technology Corp. |
|
|
140,000 |
|
|
|
587,608 |
|
Uni-President Enterprises Corp. |
|
|
296,000 |
|
|
|
734,029 |
|
Wiwynn Corp. |
|
|
28,133 |
|
|
|
594,768 |
|
Yuanta Financial Holding Co., Ltd. |
|
|
855,000 |
|
|
|
576,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,506,156 |
|
|
|
|
|
|
|
|
|
|
Thailand2.4% |
|
|
|
|
|
Airports of Thailand PCL |
|
|
113,000 |
|
|
|
279,717 |
|
Home Product Center PCL |
|
|
1,313,400 |
|
|
|
700,463 |
|
Krungthai Card PCL |
|
|
493,300 |
|
|
|
649,658 |
|
PTT PCL NVDR |
|
|
370,900 |
|
|
|
544,219 |
|
Thanachart Capital PCL NVDR |
|
|
369,400 |
|
|
|
659,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,833,149 |
|
|
|
|
|
|
|
|
|
|
United Arab Emirates0.6% |
|
|
|
|
|
Dubai Islamic Bank PJSC (e) |
|
|
461,537 |
|
|
|
692,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
United Kingdom0.9% |
|
|
|
|
|
Diageo PLC ADR |
|
|
3,312 |
|
|
$
|
557,807 |
|
Evraz PLC |
|
|
85,614 |
|
|
|
458,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,016,254 |
|
|
|
|
|
|
|
|
|
|
United States3.0% |
|
|
|
|
|
Activision Blizzard, Inc. |
|
|
9,681 |
|
|
|
575,245 |
|
Broadcom, Inc. |
|
|
2,879 |
|
|
|
909,822 |
|
Citigroup, Inc. |
|
|
10,100 |
|
|
|
806,889 |
|
Constellation Brands, Inc., Class A |
|
|
2,632 |
|
|
|
499,422 |
|
Roper Technologies, Inc. |
|
|
2,000 |
|
|
|
708,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,499,838 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$96,242,347) |
|
|
|
111,093,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
PREFERRED STOCK3.8% |
|
|
|
|
|
|
|
|
|
|
|
Brazil1.9% |
|
|
|
|
|
|
|
|
Banco Bradesco S.A. |
|
|
115,400 |
|
|
|
1,042,894 |
|
Petroleo Brasileiro S.A. |
|
|
156,000 |
|
|
|
1,178,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,221,168 |
|
|
|
|
|
|
|
|
|
|
Korea (Republic of)1.9% |
|
|
|
|
|
|
|
|
LG Household & Health Care Ltd. |
|
|
813 |
|
|
|
541,660 |
|
Samsung Electronics Co., Ltd. |
|
|
43,171 |
|
|
|
1,690,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,231,884 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$3,536,871) |
|
|
|
4,453,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements0.3% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $328,005; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $339,519 including accrued interest (cost$328,000) |
|
$ |
328 |
|
|
|
328,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$100,107,218) (b)99.7% |
|
|
|
115,874,619 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities0.3% |
|
|
|
362,291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
|
|
|
$ |
116,236,910 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $1,762,570, representing 1.5% of net assets. |
(b) |
Securities with an aggregate value of $82,124,934 representing 70.6% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(c) |
Fair-ValuedSecurities with an aggregate value of $1,613,782, representing 1.4% of net assets. |
(e) |
Non-income producing. |
Glossary:
ADRAmerican Depositary Receipt
GDRGlobal Depositary Receipt
NVDRNon-Voting Depository Receipt
REITReal Estate Investment Trust
UNITMore than one class of securities traded together
Schedule of Investments
AllianzGI NFJ Emerging Markets Value Fund
December 31, 2019 (unaudited) (continued)
The industry classification of portfolio holdings and other assets less liabilities shown as a
percentage of net assets were as follows:
|
|
|
|
|
Banks |
|
|
17.5 |
% |
Internet & Direct Marketing Retail |
|
|
7.3 |
% |
Oil, Gas & Consumable Fuels |
|
|
6.9 |
% |
Interactive Media & Services |
|
|
6.5 |
% |
Semiconductors & Semiconductor Equipment |
|
|
6.2 |
% |
Insurance |
|
|
4.7 |
% |
Technology Hardware, Storage & Peripherals |
|
|
3.9 |
% |
Textiles, Apparel & Luxury Goods |
|
|
3.5 |
% |
Beverages |
|
|
3.3 |
% |
Real Estate Management & Development |
|
|
2.9 |
% |
Specialty Retail |
|
|
2.5 |
% |
Electronic Equipment, Instruments & Components |
|
|
2.2 |
% |
IT Services |
|
|
2.1 |
% |
Chemicals |
|
|
1.9 |
% |
Equity Real Estate Investment Trusts (REITs) |
|
|
1.8 |
% |
Transportation Infrastructure |
|
|
1.8 |
% |
Metals & Mining |
|
|
1.8 |
% |
Pharmaceuticals |
|
|
1.7 |
% |
Gas Utilities |
|
|
1.7 |
% |
Capital Markets |
|
|
1.7 |
% |
Electrical Equipment |
|
|
1.3 |
% |
Multi-Line Retail |
|
|
1.2 |
% |
Industrial Conglomerates |
|
|
1.2 |
% |
Food & Staples Retailing |
|
|
1.1 |
% |
Construction Materials |
|
|
1.0 |
% |
Hotels, Restaurants & Leisure |
|
|
1.0 |
% |
Entertainment |
|
|
1.0 |
% |
Machinery |
|
|
0.8 |
% |
Tobacco |
|
|
0.7 |
% |
Marine |
|
|
0.6 |
% |
Energy Equipment & Services |
|
|
0.6 |
% |
Food Products |
|
|
0.6 |
% |
Communications Equipment |
|
|
0.6 |
% |
Water Utilities |
|
|
0.6 |
% |
Diversified Telecommunication Services |
|
|
0.6 |
% |
Consumer Finance |
|
|
0.6 |
% |
Road & Rail |
|
|
0.5 |
% |
Household Durables |
|
|
0.5 |
% |
Aerospace & Defense |
|
|
0.5 |
% |
Electric Utilities |
|
|
0.5 |
% |
Trading Companies & Distributors |
|
|
0.5 |
% |
Media |
|
|
0.5 |
% |
Personal Products |
|
|
0.5 |
% |
Wireless Telecommunication Services |
|
|
0.4 |
% |
Commercial Services & Supplies |
|
|
0.1 |
% |
Repurchase Agreements |
|
|
0.3 |
% |
Other assets less liabilities |
|
|
0.3 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
Consolidated Schedule of Investments
AllianzGI PerformanceFee Managed Futures Strategy Fund
December
31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
U.S. TREASURY OBLIGATIONS74.9% |
|
|
|
|
|
|
|
|
U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
1.125%, 3/31/20 |
|
$ |
5,000 |
|
|
$ |
4,994,141 |
|
1.125%, 4/30/20 |
|
|
5,000 |
|
|
|
4,991,797 |
|
1.25%, 1/31/20 |
|
|
5,000 |
|
|
|
4,999,218 |
|
1.25%, 2/29/20 |
|
|
5,000 |
|
|
|
4,996,875 |
|
1.375%, 5/31/20 |
|
|
4,800 |
|
|
|
4,795,125 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$24,774,730) |
|
|
|
|
|
|
24,777,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
MUTUAL FUND4.3% |
|
|
|
|
|
AllianzGI Short Duration High Income (a)(b) (cost$1,421,489) |
|
|
98,509 |
|
|
|
1,432,317 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements2.9% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $958,013; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $978,946 including accrued interest (cost$958,000) |
|
$ |
958 |
|
|
|
958,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$27,154,219)82.1% |
|
|
|
27,167,473 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities (c)17.9% |
|
|
|
5,939,291 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
33,106,764 |
|
|
|
|
|
|
|
|
|
|
Notes to Consolidated Schedule of
Investments:
(c) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows: |
Futures contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Long position contracts: |
|
10-Year U.S. Treasury Note |
|
|
69 |
|
|
|
3/20/20 |
|
|
$ |
6,900 |
|
|
$ |
8,861 |
|
|
$ |
(75,246 |
) |
Aluminum |
|
|
60 |
|
|
|
1/13/20 |
|
|
|
2 |
|
|
|
2,684 |
|
|
|
36,569 |
|
Aluminum |
|
|
28 |
|
|
|
2/17/20 |
|
|
|
1 |
|
|
|
1,261 |
|
|
|
28,229 |
|
Aluminum |
|
|
22 |
|
|
|
3/16/20 |
|
|
|
1 |
|
|
|
995 |
|
|
|
(4,992 |
) |
Australia Government 10-Year Bond |
|
|
36 |
|
|
|
3/16/20 |
|
|
AUD |
3,600 |
|
|
|
3,612 |
|
|
|
(72,086 |
) |
BIST 30 Index |
|
|
134 |
|
|
|
2/28/20 |
|
|
TRY |
13 |
|
|
|
318 |
|
|
|
1,351 |
|
Bovespa Index |
|
|
25 |
|
|
|
2/12/20 |
|
|
BRL |
|
(e) |
|
|
721 |
|
|
|
13,592 |
|
Brent Crude |
|
|
4 |
|
|
|
3/31/20 |
|
|
$ |
4 |
|
|
|
259 |
|
|
|
(3,091 |
) |
British Pound |
|
|
17 |
|
|
|
3/16/20 |
|
|
|
1,063 |
|
|
|
1,412 |
|
|
|
9,023 |
|
Canada Government 10-Year Bond |
|
|
13 |
|
|
|
3/20/20 |
|
|
CAD |
1,300 |
|
|
|
1,376 |
|
|
|
(25,358 |
) |
Coffee |
|
|
17 |
|
|
|
9/18/20 |
|
|
$ |
638 |
|
|
|
866 |
|
|
|
(32,730 |
) |
Copper |
|
|
13 |
|
|
|
7/29/20 |
|
|
|
325 |
|
|
|
915 |
|
|
|
(1,671 |
) |
E-mini S&P 500 Index |
|
|
46 |
|
|
|
3/20/20 |
|
|
|
2 |
|
|
|
7,432 |
|
|
|
113,060 |
|
Euro-BTP |
|
|
19 |
|
|
|
3/6/20 |
|
|
EUR |
1,900 |
|
|
|
3,036 |
|
|
|
11,912 |
|
Euro-Bund 10-Year Bond |
|
|
7 |
|
|
|
3/6/20 |
|
|
|
700 |
|
|
|
1,339 |
|
|
|
(11,158 |
) |
Euro-OAT |
|
|
7 |
|
|
|
3/6/20 |
|
|
|
700 |
|
|
|
1,278 |
|
|
|
(9,352 |
) |
FTSE 100 Index |
|
|
19 |
|
|
|
3/20/20 |
|
|
GBP |
|
(e) |
|
|
1,887 |
|
|
|
(3,483 |
) |
FTSE China A50 Index |
|
|
43 |
|
|
|
1/23/20 |
|
|
$ |
|
(e) |
|
|
620 |
|
|
|
7,160 |
|
FTSE/JSE Top 40 Index |
|
|
11 |
|
|
|
3/19/20 |
|
|
ZAR |
|
(e) |
|
|
403 |
|
|
|
(6,601 |
) |
FTSE/MIB Index |
|
|
8 |
|
|
|
3/20/20 |
|
|
EUR |
|
(e) |
|
|
1,050 |
|
|
|
(1,128 |
) |
Gold 100 Oz. |
|
|
11 |
|
|
|
6/26/20 |
|
|
$ |
1 |
|
|
|
1,689 |
|
|
|
52,162 |
|
IBEX 35 Index |
|
|
11 |
|
|
|
1/17/20 |
|
|
EUR |
|
(e) |
|
|
1,176 |
|
|
|
(10,194 |
) |
Lean Hogs |
|
|
25 |
|
|
|
6/12/20 |
|
|
$ |
1,000 |
|
|
|
894 |
|
|
|
30,323 |
|
Low Sulphur Gasoil |
|
|
10 |
|
|
|
3/12/20 |
|
|
|
1 |
|
|
|
611 |
|
|
|
6,648 |
|
Mini DAX European Index |
|
|
32 |
|
|
|
3/20/20 |
|
|
EUR |
|
(e) |
|
|
2,377 |
|
|
|
(27,673 |
) |
MSCI Taiwan Index |
|
|
21 |
|
|
|
1/30/20 |
|
|
$ |
2 |
|
|
|
965 |
|
|
|
(10,743 |
) |
Nickel |
|
|
11 |
|
|
|
1/13/20 |
|
|
|
|
(e) |
|
|
922 |
|
|
|
(201,294 |
) |
Nickel |
|
|
11 |
|
|
|
2/17/20 |
|
|
|
|
(e) |
|
|
924 |
|
|
|
(35,216 |
) |
Nickel |
|
|
2 |
|
|
|
3/16/20 |
|
|
|
|
(e) |
|
|
168 |
|
|
|
(2,245 |
) |
Platinum |
|
|
19 |
|
|
|
4/28/20 |
|
|
|
1 |
|
|
|
929 |
|
|
|
33,321 |
|
S&P/TSX 60 Index |
|
|
14 |
|
|
|
3/19/20 |
|
|
CAD |
3 |
|
|
|
2,183 |
|
|
|
(188 |
) |
Silver |
|
|
11 |
|
|
|
7/29/20 |
|
|
$ |
55 |
|
|
|
995 |
|
|
|
(5,858 |
) |
SPI 200 Index |
|
|
7 |
|
|
|
3/19/20 |
|
|
AUD |
|
(e) |
|
|
811 |
|
|
|
(13,773 |
) |
Sugar No. 11 |
|
|
64 |
|
|
|
9/30/20 |
|
|
$ |
7,168 |
|
|
|
995 |
|
|
|
3,061 |
|
TOPIX Index |
|
|
40 |
|
|
|
3/12/20 |
|
|
JPY |
400 |
|
|
|
6,336 |
|
|
|
(11,154 |
) |
United Kingdom Government 10-Year Gilt |
|
|
14 |
|
|
|
3/27/20 |
|
|
GBP |
1,400 |
|
|
|
2,436 |
|
|
|
(25,852 |
) |
WTI Crude Oil |
|
|
5 |
|
|
|
3/20/20 |
|
|
$ |
5 |
|
|
|
302 |
|
|
|
1,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(243,332 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated Schedule of Investments
AllianzGI PerformanceFee Managed Futures Strategy Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Appreciation (Depreciation) |
|
Short position contracts: |
|
10-Year Japanese Government Bond |
|
|
(3 |
) |
|
|
3/13/20 |
|
|
JPY |
(300,000 |
) |
|
$ |
(4,202 |
) |
|
$ |
(3,502 |
) |
Aluminum |
|
|
(60 |
) |
|
|
1/13/20 |
|
|
$ |
(2 |
) |
|
|
(2,684 |
) |
|
|
(65,851 |
) |
Aluminum |
|
|
(28 |
) |
|
|
2/17/20 |
|
|
|
(1 |
) |
|
|
(1,261 |
) |
|
|
(44,589 |
) |
Aluminum |
|
|
(24 |
) |
|
|
3/16/20 |
|
|
|
(1 |
) |
|
|
(1,086 |
) |
|
|
(23,988 |
) |
Australian Dollar |
|
|
(36 |
) |
|
|
3/16/20 |
|
|
|
(3,600 |
) |
|
|
(2,534 |
) |
|
|
(74,256 |
) |
Canadian Dollar |
|
|
(31 |
) |
|
|
3/17/20 |
|
|
|
(3,100 |
) |
|
|
(2,390 |
) |
|
|
(45,808 |
) |
Cattle Feeder |
|
|
(8 |
) |
|
|
5/21/20 |
|
|
|
(400 |
) |
|
|
(592 |
) |
|
|
(1,031 |
) |
Cattle Feeder |
|
|
(28 |
) |
|
|
8/31/20 |
|
|
|
(1,120 |
) |
|
|
(1,305 |
) |
|
|
(12,369 |
) |
CBOE Volatility Index |
|
|
(20 |
) |
|
|
2/19/20 |
|
|
|
(20 |
) |
|
|
(332 |
) |
|
|
(4,255 |
) |
Cocoa |
|
|
(2 |
) |
|
|
9/15/20 |
|
|
|
( |
)(e) |
|
|
(50 |
) |
|
|
(2,468 |
) |
Corn |
|
|
(26 |
) |
|
|
7/14/20 |
|
|
|
(130 |
) |
|
|
(521 |
) |
|
|
42 |
|
Cotton |
|
|
(6 |
) |
|
|
12/8/20 |
|
|
|
(300 |
) |
|
|
(211 |
) |
|
|
(1,104 |
) |
Euro Currency |
|
|
(102 |
) |
|
|
3/16/20 |
|
|
|
(12,750 |
) |
|
|
(14,385 |
) |
|
|
(129,604 |
) |
Japanese Yen |
|
|
(88 |
) |
|
|
3/16/20 |
|
|
|
(110 |
) |
|
|
(10,170 |
) |
|
|
(11,941 |
) |
KC HRW Wheat |
|
|
(5 |
) |
|
|
7/14/20 |
|
|
|
(25 |
) |
|
|
(125 |
) |
|
|
(13,978 |
) |
Natural Gas |
|
|
(65 |
) |
|
|
3/27/20 |
|
|
|
(650 |
) |
|
|
(1,397 |
) |
|
|
23,371 |
|
New Zealand Dollar |
|
|
(29 |
) |
|
|
3/16/20 |
|
|
|
(2,900 |
) |
|
|
(1,957 |
) |
|
|
(53,528 |
) |
Nickel |
|
|
(11 |
) |
|
|
1/13/20 |
|
|
|
( |
)(e) |
|
|
(922 |
) |
|
|
51,043 |
|
Nickel |
|
|
(11 |
) |
|
|
2/17/20 |
|
|
|
( |
)(e) |
|
|
(924 |
) |
|
|
(26,083 |
) |
Soybean |
|
|
(14 |
) |
|
|
7/14/20 |
|
|
|
(70 |
) |
|
|
(686 |
) |
|
|
(6,342 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(446,241 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(689,573 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All or a portion of this security is owned by AllianzGI PerformanceFee Managed Futures Strategy Offshore Fund Ltd., which is a wholly-owned
subsidiary of the Fund. |
Credit default swap agreements outstanding at December 31, 2019:
Centrally cleared sell protection swap agreements(1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker (Exchange)/ Referenced Debt Issuer |
|
Notional Amount (000s)(3)
|
|
|
Implied Credit Spread(2)
|
|
|
Termination Date |
|
|
Fixed Deal Received Rate |
|
|
Payment Frequency |
|
|
Value(4) |
|
|
Upfront Premiums Paid/ (Received) |
|
|
Unrealized Appreciation |
|
Goldman Sachs (ICE): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CDX.EM.32 Index |
|
$ |
4,500 |
|
|
|
1.746 |
% |
|
|
12/20/24 |
|
|
|
1.00 |
% |
|
|
Quarterly |
|
|
$ |
(149,837 |
) |
|
$ |
(202,325 |
) |
|
$ |
52,488 |
|
CDX.NA.HY.33 Index |
|
|
6,600 |
|
|
|
2.807 |
% |
|
|
12/20/24 |
|
|
|
5.00 |
% |
|
|
Quarterly |
|
|
|
646,760 |
|
|
|
442,920 |
|
|
|
203,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
496,923 |
|
|
$ |
240,595 |
|
|
$ |
256,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will
either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) pay
a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market
makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number
of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. |
(2) |
Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements as of
year/period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of
buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default
or other credit event occurring as defined under the terms of the agreement. |
(3) |
This represents the maximum potential amount the Fund could be required to make available as a seller of credit protection or receive as a
buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) |
The quoted market prices and resulting values for credit default swap agreements serve as an indicator of the status at December 31, 2019
of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement have been closed/sold as of the period end. Increasing market values, in
absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the
agreement. |
(d) |
At December 31, 2019, the Fund pledged $3,127,872 in cash as collateral for futures contracts and $580,933 in cash as collateral for swap
contracts. |
(e) |
Notional amount rounds to less than 500. |
Consolidated Schedule of Investments
AllianzGI PerformanceFee Managed Futures Strategy Fund
December 31, 2019 (unaudited)
(continued)
Glossary:
AUDAustralian Dollar
BISTBorsa
Istanbul
BRLBrazilian Real
CADCanadian Dollar
CBOEChicago
Board Options Exchange
CDXCredit Derivatives Index
EUREuro
FTSEFinancial Times Stock Exchange
GBPBritish Pound
ICEIntercontinental Exchange
JPYJapanese Yen
JSEJohannesburg
Stock Exchange Limited
MSCIMorgan Stanley Capital International
OATObligations Assimilables du Trésor
TOPIXTokyo Stock Price Index
TRYTurkish Lira
WTIWest Texas
Intermediate
ZARSouth African Rand
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31,
2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
EXCHANGE-TRADED FUNDS99.8% |
|
|
|
|
|
|
|
|
iShares Core S&P 500 (a)(cost$87,920,190) |
|
|
304,286 |
|
|
$ |
98,357,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
Repurchase Agreements0.9% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $852,012; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $871,432 including accrued interest (cost$852,000) |
|
$ |
852 |
|
|
|
852,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Purchased0.7% (cost$529,660) (b)(c)(d) |
|
|
|
698,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Value^ |
|
|
|
Total Investments, before options written (cost$89,301,850)101.4% |
|
$ |
99,907,833 |
|
|
|
|
|
|
|
|
|
|
Total Options Written(0.6)% (premiums received$818,961) (b)(c)(d) |
|
|
(573,940 |
) |
|
|
|
|
|
|
|
|
|
Total Investments, net of options written (cost$88,482,889)100.8% |
|
|
99,333,893 |
|
|
|
|
|
|
|
|
|
|
Other liabilities in excess of other assets(0.8)% |
|
|
(754,264 |
) |
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
$ |
98,579,629 |
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
All or partial amount segregated for the benefit of the counterparty as collateral for options written. |
(b) |
Non-income producing. |
(c) |
Exchange traded-Chicago Board Options Exchange.
|
(d) |
Exchange traded option contracts outstanding at December 31, 2019: |
Options purchased contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
Call options: |
|
E-mini S&P 500 Index |
|
309.00 USD |
|
|
1/3/20 |
|
|
|
10 |
|
|
$ |
1,000 |
|
|
$ |
14,150 |
|
|
$ |
2,326 |
|
|
$ |
11,824 |
|
E-mini S&P 500 Index |
|
313.00 USD |
|
|
1/3/20 |
|
|
|
5 |
|
|
|
500 |
|
|
|
5,587 |
|
|
|
2,028 |
|
|
|
3,559 |
|
E-mini S&P 500 Index |
|
314.00 USD |
|
|
1/3/20 |
|
|
|
5 |
|
|
|
500 |
|
|
|
4,660 |
|
|
|
1,418 |
|
|
|
3,242 |
|
E-mini S&P 500 Index |
|
315.00 USD |
|
|
1/3/20 |
|
|
|
24 |
|
|
|
2,400 |
|
|
|
20,220 |
|
|
|
7,000 |
|
|
|
13,220 |
|
E-mini S&P 500 Index |
|
335.00 USD |
|
|
1/3/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
58 |
|
|
|
788 |
|
|
|
(730 |
) |
E-mini S&P 500 Index |
|
340.00 USD |
|
|
1/3/20 |
|
|
|
40 |
|
|
|
4,000 |
|
|
|
20 |
|
|
|
184 |
|
|
|
(164 |
) |
E-mini S&P 500 Index |
|
350.00 USD |
|
|
1/3/20 |
|
|
|
90 |
|
|
|
9,000 |
|
|
|
45 |
|
|
|
245 |
|
|
|
(200 |
) |
E-mini S&P 500 Index |
|
310.00 USD |
|
|
1/6/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
13,250 |
|
|
|
1,516 |
|
|
|
11,734 |
|
E-mini S&P 500 Index |
|
314.00 USD |
|
|
1/6/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
11,100 |
|
|
|
5,092 |
|
|
|
6,008 |
|
E-mini S&P 500 Index |
|
319.00 USD |
|
|
1/6/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,852 |
|
|
|
1,340 |
|
|
|
4,512 |
|
E-mini S&P 500 Index |
|
340.00 USD |
|
|
1/6/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
114 |
|
|
|
(94 |
) |
E-mini S&P 500 Index |
|
350.00 USD |
|
|
1/6/20 |
|
|
|
148 |
|
|
|
14,800 |
|
|
|
147 |
|
|
|
627 |
|
|
|
(480 |
) |
E-mini S&P 500 Index |
|
313.00 USD |
|
|
1/10/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
10,585 |
|
|
|
2,656 |
|
|
|
7,929 |
|
E-mini S&P 500 Index |
|
319.00 USD |
|
|
1/10/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,973 |
|
|
|
1,592 |
|
|
|
4,381 |
|
E-mini S&P 500 Index |
|
350.00 USD |
|
|
1/10/20 |
|
|
|
168 |
|
|
|
16,800 |
|
|
|
168 |
|
|
|
671 |
|
|
|
(503 |
) |
E-mini S&P 500 Index |
|
312.00 USD |
|
|
1/17/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
12,035 |
|
|
|
2,206 |
|
|
|
9,829 |
|
E-mini S&P 500 Index |
|
355.00 USD |
|
|
1/17/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
103 |
|
|
|
(83 |
) |
E-mini S&P 500 Index |
|
360.00 USD |
|
|
1/17/20 |
|
|
|
68 |
|
|
|
6,800 |
|
|
|
34 |
|
|
|
180 |
|
|
|
(146 |
) |
E-mini S&P 500 Index |
|
316.00 USD |
|
|
1/24/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
9,245 |
|
|
|
2,688 |
|
|
|
6,557 |
|
E-mini S&P 500 Index |
|
322.00 USD |
|
|
1/24/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,972 |
|
|
|
1,750 |
|
|
|
3,222 |
|
E-mini S&P 500 Index |
|
319.00 USD |
|
|
1/31/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
7,420 |
|
|
|
2,570 |
|
|
|
4,850 |
|
E-mini S&P 500 Index |
|
323.00 USD |
|
|
2/21/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
6,555 |
|
|
|
2,405 |
|
|
|
4,150 |
|
E-mini S&P 500 Index |
|
360.00 USD |
|
|
2/21/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
44 |
|
|
|
94 |
|
|
|
(50 |
) |
E-mini S&P 500 Index Flex |
|
307.00 USD |
|
|
1/2/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
9,562 |
|
|
|
2,500 |
|
|
|
7,062 |
|
E-mini S&P 500 Index Flex |
|
316.00 USD |
|
|
1/2/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
6,981 |
|
|
|
1,166 |
|
|
|
5,815 |
|
E-mini S&P 500 Index Flex |
|
325.00 USD |
|
|
1/2/20 |
|
|
|
70 |
|
|
|
7,000 |
|
|
|
1,784 |
|
|
|
3,297 |
|
|
|
(1,513 |
) |
E-mini S&P 500 Index Flex |
|
360.00 USD |
|
|
1/2/20 |
|
|
|
53 |
|
|
|
5,300 |
|
|
|
|
|
|
|
137 |
|
|
|
(137 |
) |
E-mini S&P 500 Index Flex |
|
319.00 USD |
|
|
1/29/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
7,059 |
|
|
|
2,284 |
|
|
|
4,775 |
|
E-mini S&P 500 Index Flex |
|
365.00 USD |
|
|
1/29/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
10 |
|
|
|
52 |
|
|
|
(42 |
) |
E-mini S&P 500 Index Flex |
|
365.00 USD |
|
|
1/31/20 |
|
|
|
56 |
|
|
|
5,600 |
|
|
|
39 |
|
|
|
127 |
|
|
|
(88 |
) |
Nasdaq 100 Stock Index |
|
9,800.00 USD |
|
|
1/10/20 |
|
|
|
5 |
|
|
|
500 |
|
|
|
87 |
|
|
|
156 |
|
|
|
(69 |
) |
Nasdaq 100 Stock Index |
|
9,800.00 USD |
|
|
1/17/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
110 |
|
|
|
103 |
|
|
|
7 |
|
Russell 2000 Index |
|
1,835.00 USD |
|
|
1/10/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
90 |
|
|
|
130 |
|
|
|
(40 |
) |
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/2/20 |
|
|
|
17 |
|
|
$ |
1,700 |
|
|
$ |
18,621 |
|
|
$ |
7,115 |
|
|
$ |
11,506 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/2/20 |
|
|
|
5 |
|
|
|
500 |
|
|
|
3,988 |
|
|
|
1,307 |
|
|
|
2,681 |
|
S&P 500 Mini Index |
|
330.00 USD |
|
|
1/2/20 |
|
|
|
43 |
|
|
|
4,300 |
|
|
|
12 |
|
|
|
257 |
|
|
|
(245 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/2/20 |
|
|
|
90 |
|
|
|
9,000 |
|
|
|
|
|
|
|
231 |
|
|
|
(231 |
) |
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/3/20 |
|
|
|
15 |
|
|
|
1,500 |
|
|
|
16,777 |
|
|
|
6,587 |
|
|
|
10,190 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
1/3/20 |
|
|
|
130 |
|
|
|
13,000 |
|
|
|
5,850 |
|
|
|
6,734 |
|
|
|
(884 |
) |
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/6/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
5,625 |
|
|
|
5,204 |
|
|
|
421 |
|
S&P 500 Mini Index |
|
313.00 USD |
|
|
1/8/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
11,495 |
|
|
|
5,172 |
|
|
|
6,323 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/8/20 |
|
|
|
23 |
|
|
|
2,300 |
|
|
|
21,735 |
|
|
|
7,695 |
|
|
|
14,040 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/8/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
2,586 |
|
|
|
1,203 |
|
|
|
1,383 |
|
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/8/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,654 |
|
|
|
1,747 |
|
|
|
3,907 |
|
S&P 500 Mini Index |
|
340.00 USD |
|
|
1/8/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
132 |
|
|
|
(112 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/8/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
103 |
|
|
|
275 |
|
|
|
(172 |
) |
S&P 500 Mini Index |
|
317.00 USD |
|
|
1/10/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
6,535 |
|
|
|
4,051 |
|
|
|
2,484 |
|
S&P 500 Mini Index |
|
326.00 USD |
|
|
1/10/20 |
|
|
|
42 |
|
|
|
4,200 |
|
|
|
3,843 |
|
|
|
4,456 |
|
|
|
(613 |
) |
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/13/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
11,730 |
|
|
|
2,763 |
|
|
|
8,967 |
|
S&P 500 Mini Index |
|
316.00 USD |
|
|
1/13/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
8,255 |
|
|
|
3,255 |
|
|
|
5,000 |
|
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/13/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,247 |
|
|
|
1,559 |
|
|
|
3,688 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
1/13/20 |
|
|
|
43 |
|
|
|
4,300 |
|
|
|
1,376 |
|
|
|
1,982 |
|
|
|
(606 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/13/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
103 |
|
|
|
250 |
|
|
|
(147 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/13/20 |
|
|
|
23 |
|
|
|
2,300 |
|
|
|
23 |
|
|
|
62 |
|
|
|
(39 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/13/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
72 |
|
|
|
(52 |
) |
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/15/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
10,775 |
|
|
|
1,816 |
|
|
|
8,959 |
|
S&P 500 Mini Index |
|
316.00 USD |
|
|
1/15/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
2,528 |
|
|
|
888 |
|
|
|
1,640 |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/15/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,692 |
|
|
|
1,627 |
|
|
|
3,065 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/15/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
393 |
|
|
|
463 |
|
|
|
(70 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/15/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
103 |
|
|
|
323 |
|
|
|
(220 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/15/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
52 |
|
|
|
(32 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/17/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
3,515 |
|
|
|
3,335 |
|
|
|
180 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/17/20 |
|
|
|
45 |
|
|
|
4,500 |
|
|
|
45 |
|
|
|
553 |
|
|
|
(508 |
) |
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/21/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
9,740 |
|
|
|
2,841 |
|
|
|
6,899 |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/21/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,280 |
|
|
|
1,996 |
|
|
|
3,284 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/21/20 |
|
|
|
25 |
|
|
|
2,500 |
|
|
|
10,200 |
|
|
|
9,144 |
|
|
|
1,056 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
1/21/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
634 |
|
|
|
739 |
|
|
|
(105 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/21/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
52 |
|
|
|
(32 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/21/20 |
|
|
|
148 |
|
|
|
14,800 |
|
|
|
148 |
|
|
|
330 |
|
|
|
(182 |
) |
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/22/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
9,860 |
|
|
|
1,616 |
|
|
|
8,244 |
|
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/22/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
6,276 |
|
|
|
1,615 |
|
|
|
4,661 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/22/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
3,905 |
|
|
|
3,842 |
|
|
|
63 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
1/22/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
711 |
|
|
|
828 |
|
|
|
(117 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/22/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
52 |
|
|
|
(32 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/22/20 |
|
|
|
148 |
|
|
|
14,800 |
|
|
|
148 |
|
|
|
399 |
|
|
|
(251 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/24/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
3,456 |
|
|
|
3,484 |
|
|
|
(28 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/24/20 |
|
|
|
13 |
|
|
|
1,300 |
|
|
|
4,167 |
|
|
|
5,174 |
|
|
|
(1,007 |
) |
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/24/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
381 |
|
|
|
567 |
|
|
|
(186 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/24/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
72 |
|
|
|
(52 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/24/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
103 |
|
|
|
389 |
|
|
|
(286 |
) |
S&P 500 Mini Index |
|
357.50 USD |
|
|
1/24/20 |
|
|
|
27 |
|
|
|
2,700 |
|
|
|
27 |
|
|
|
81 |
|
|
|
(54 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/24/20 |
|
|
|
36 |
|
|
|
3,600 |
|
|
|
22 |
|
|
|
75 |
|
|
|
(53 |
) |
S&P 500 Mini Index |
|
316.00 USD |
|
|
1/27/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,875 |
|
|
|
1,008 |
|
|
|
867 |
|
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/27/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
6,915 |
|
|
|
1,716 |
|
|
|
5,199 |
|
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/27/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
1,840 |
|
|
|
1,215 |
|
|
|
625 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/27/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,126 |
|
|
|
4,873 |
|
|
|
253 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/27/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
3,690 |
|
|
|
1,717 |
|
|
|
1,973 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
1/27/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
833 |
|
|
|
1,074 |
|
|
|
(241 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/27/20 |
|
|
|
94 |
|
|
|
9,400 |
|
|
|
94 |
|
|
|
277 |
|
|
|
(183 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
1/27/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
20 |
|
|
|
52 |
|
|
|
(32 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/29/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
5,970 |
|
|
|
5,256 |
|
|
|
714 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/29/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,013 |
|
|
|
2,025 |
|
|
|
1,988 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/29/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
87 |
|
|
|
563 |
|
|
|
(476 |
) |
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/31/20 |
|
|
|
11 |
|
|
$ |
1,100 |
|
|
$ |
6,512 |
|
|
$ |
2,454 |
|
|
$ |
4,058 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
1/31/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
983 |
|
|
|
1,227 |
|
|
|
(244 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/31/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
87 |
|
|
|
179 |
|
|
|
(92 |
) |
S&P 500 Mini Index |
|
357.50 USD |
|
|
1/31/20 |
|
|
|
27 |
|
|
|
2,700 |
|
|
|
27 |
|
|
|
81 |
|
|
|
(54 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
2/3/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
7,475 |
|
|
|
2,671 |
|
|
|
4,804 |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
2/3/20 |
|
|
|
13 |
|
|
|
1,300 |
|
|
|
7,872 |
|
|
|
3,189 |
|
|
|
4,683 |
|
S&P 500 Mini Index |
|
340.00 USD |
|
|
2/3/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
209 |
|
|
|
63 |
|
|
|
146 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
2/3/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
87 |
|
|
|
121 |
|
|
|
(34 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
2/5/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
7,648 |
|
|
|
2,912 |
|
|
|
4,736 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/5/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,736 |
|
|
|
2,003 |
|
|
|
2,733 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/5/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
90 |
|
|
|
107 |
|
|
|
(17 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/5/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
37 |
|
|
|
121 |
|
|
|
(84 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
2/7/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
6,325 |
|
|
|
2,572 |
|
|
|
3,753 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/7/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,879 |
|
|
|
2,278 |
|
|
|
2,601 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
2/7/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
455 |
|
|
|
580 |
|
|
|
(125 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/7/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
66 |
|
|
|
107 |
|
|
|
(41 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/7/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
45 |
|
|
|
121 |
|
|
|
(76 |
) |
S&P 500 Mini Index |
|
370.00 USD |
|
|
2/7/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
9 |
|
|
|
38 |
|
|
|
(29 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
2/10/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
6,430 |
|
|
|
2,153 |
|
|
|
4,277 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
2/10/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
2,064 |
|
|
|
2,104 |
|
|
|
(40 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/10/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,978 |
|
|
|
2,212 |
|
|
|
2,766 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/10/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
66 |
|
|
|
103 |
|
|
|
(37 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/10/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
87 |
|
|
|
121 |
|
|
|
(34 |
) |
S&P 500 Mini Index |
|
370.00 USD |
|
|
2/10/20 |
|
|
|
36 |
|
|
|
3,600 |
|
|
|
36 |
|
|
|
72 |
|
|
|
(36 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
2/12/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
2,371 |
|
|
|
2,108 |
|
|
|
263 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
2/12/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,953 |
|
|
|
2,219 |
|
|
|
3,734 |
|
S&P 500 Mini Index |
|
326.00 USD |
|
|
2/12/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
2,930 |
|
|
|
1,457 |
|
|
|
1,473 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/12/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
139 |
|
|
|
59 |
|
|
|
80 |
|
S&P 500 Mini Index |
|
370.00 USD |
|
|
2/12/20 |
|
|
|
79 |
|
|
|
7,900 |
|
|
|
47 |
|
|
|
165 |
|
|
|
(118 |
) |
S&P 500 Mini Index |
|
321.00 USD |
|
|
2/14/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,383 |
|
|
|
977 |
|
|
|
406 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/14/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,396 |
|
|
|
2,110 |
|
|
|
3,286 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
2/14/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
542 |
|
|
|
670 |
|
|
|
(128 |
) |
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/14/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
1,824 |
|
|
|
1,192 |
|
|
|
632 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/14/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
163 |
|
|
|
109 |
|
|
|
54 |
|
S&P 500 Mini Index |
|
375.00 USD |
|
|
2/14/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
8 |
|
|
|
56 |
|
|
|
(48 |
) |
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/14/20 |
|
|
|
16 |
|
|
|
1,600 |
|
|
|
5 |
|
|
|
32 |
|
|
|
(27 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/18/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
1,569 |
|
|
|
1,473 |
|
|
|
96 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
2/18/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,123 |
|
|
|
2,165 |
|
|
|
2,958 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/18/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
238 |
|
|
|
283 |
|
|
|
(45 |
) |
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/18/20 |
|
|
|
27 |
|
|
|
2,700 |
|
|
|
17 |
|
|
|
108 |
|
|
|
(91 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
2/19/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
1,774 |
|
|
|
1,593 |
|
|
|
181 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/19/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,811 |
|
|
|
2,601 |
|
|
|
3,210 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
2/19/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
82 |
|
|
|
54 |
|
|
|
28 |
|
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/19/20 |
|
|
|
27 |
|
|
|
2,700 |
|
|
|
84 |
|
|
|
84 |
|
|
|
|
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
2/24/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,561 |
|
|
|
2,421 |
|
|
|
3,140 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
2/24/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
114 |
|
|
|
112 |
|
|
|
2 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
2/26/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,526 |
|
|
|
2,278 |
|
|
|
2,248 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/26/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
317 |
|
|
|
372 |
|
|
|
(55 |
) |
S&P 500 Mini Index |
|
334.00 USD |
|
|
2/26/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
1,184 |
|
|
|
1,417 |
|
|
|
(233 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/26/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
76 |
|
|
|
134 |
|
|
|
(58 |
) |
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/26/20 |
|
|
|
25 |
|
|
|
2,500 |
|
|
|
27 |
|
|
|
102 |
|
|
|
(75 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/28/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
1,748 |
|
|
|
1,767 |
|
|
|
(19 |
) |
S&P 500 Mini Index |
|
327.00 USD |
|
|
2/28/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
4,493 |
|
|
|
2,223 |
|
|
|
2,270 |
|
S&P 500 Mini Index |
|
333.00 USD |
|
|
2/28/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
1,324 |
|
|
|
1,456 |
|
|
|
(132 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/28/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
81 |
|
|
|
68 |
|
|
|
13 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
2/28/20 |
|
|
|
43 |
|
|
|
4,300 |
|
|
|
36 |
|
|
|
86 |
|
|
|
(50 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
3/2/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
2,014 |
|
|
|
1,926 |
|
|
|
88 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
3/2/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
6,877 |
|
|
|
2,388 |
|
|
|
4,489 |
|
S&P 500 Mini Index |
|
331.00 USD |
|
|
3/2/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
1,973 |
|
|
|
2,105 |
|
|
|
(132 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/2/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
98 |
|
|
|
68 |
|
|
|
30 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/2/20 |
|
|
|
43 |
|
|
|
4,300 |
|
|
|
129 |
|
|
|
133 |
|
|
|
(4 |
) |
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
3/4/20 |
|
|
|
11 |
|
|
$ |
1,100 |
|
|
$ |
6,427 |
|
|
$ |
2,498 |
|
|
$ |
3,929 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/4/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
110 |
|
|
|
90 |
|
|
|
20 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
3/6/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,181 |
|
|
|
3,213 |
|
|
|
1,968 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/6/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
122 |
|
|
|
46 |
|
|
|
76 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
3/9/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,641 |
|
|
|
2,882 |
|
|
|
2,759 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/9/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
139 |
|
|
|
68 |
|
|
|
71 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
3/11/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
5,770 |
|
|
|
2,773 |
|
|
|
2,997 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/11/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
150 |
|
|
|
46 |
|
|
|
104 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
3/13/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
3,873 |
|
|
|
1,953 |
|
|
|
1,920 |
|
S&P 500 Mini Index |
|
370.00 USD |
|
|
3/13/20 |
|
|
|
16 |
|
|
|
1,600 |
|
|
|
75 |
|
|
|
66 |
|
|
|
9 |
|
S&P 500 Mini Index |
|
332.00 USD |
|
|
3/16/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
2,608 |
|
|
|
1,592 |
|
|
|
1,016 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/16/20 |
|
|
|
16 |
|
|
|
1,600 |
|
|
|
27 |
|
|
|
32 |
|
|
|
(5 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
3/27/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
1,717 |
|
|
|
2,017 |
|
|
|
(300 |
) |
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/27/20 |
|
|
|
16 |
|
|
|
1,600 |
|
|
|
38 |
|
|
|
66 |
|
|
|
(28 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
3/30/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
2,036 |
|
|
|
2,056 |
|
|
|
(20 |
) |
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/30/20 |
|
|
|
16 |
|
|
|
1,600 |
|
|
|
42 |
|
|
|
32 |
|
|
|
10 |
|
S&P 500 Mini Index |
|
335.00 USD |
|
|
4/1/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
2,165 |
|
|
|
2,137 |
|
|
|
28 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
4/1/20 |
|
|
|
16 |
|
|
|
1,600 |
|
|
|
48 |
|
|
|
50 |
|
|
|
(2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total call options |
|
|
|
|
|
|
|
|
|
|
$ |
558,541 |
|
|
$ |
261,560 |
|
|
$ |
296,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put options: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E-mini S&P 500 Index |
|
316.00 USD |
|
|
1/3/20 |
|
|
|
7 |
|
|
$ |
700 |
|
|
$ |
101 |
|
|
$ |
3,008 |
|
|
$ |
(2,907 |
) |
E-mini S&P 500 Index |
|
314.00 USD |
|
|
1/6/20 |
|
|
|
21 |
|
|
|
2,100 |
|
|
|
399 |
|
|
|
9,215 |
|
|
|
(8,816 |
) |
Nasdaq 100 Stock Index |
|
5,600.00 USD |
|
|
1/31/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
165 |
|
|
|
547 |
|
|
|
(382 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/3/20 |
|
|
|
14 |
|
|
|
1,400 |
|
|
|
35 |
|
|
|
204 |
|
|
|
(169 |
) |
S&P 500 Index |
|
2,980.00 USD |
|
|
1/3/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
90 |
|
|
|
3,208 |
|
|
|
(3,118 |
) |
S&P 500 Index |
|
1,900.00 USD |
|
|
1/17/20 |
|
|
|
15 |
|
|
|
1,500 |
|
|
|
37 |
|
|
|
165 |
|
|
|
(128 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/17/20 |
|
|
|
14 |
|
|
|
1,400 |
|
|
|
105 |
|
|
|
237 |
|
|
|
(132 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/21/20 |
|
|
|
41 |
|
|
|
4,100 |
|
|
|
205 |
|
|
|
485 |
|
|
|
(280 |
) |
S&P 500 Index |
|
1,950.00 USD |
|
|
1/24/20 |
|
|
|
46 |
|
|
|
4,600 |
|
|
|
115 |
|
|
|
503 |
|
|
|
(388 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/24/20 |
|
|
|
17 |
|
|
|
1,700 |
|
|
|
128 |
|
|
|
242 |
|
|
|
(114 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/24/20 |
|
|
|
34 |
|
|
|
3,400 |
|
|
|
340 |
|
|
|
511 |
|
|
|
(171 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/27/20 |
|
|
|
86 |
|
|
|
8,600 |
|
|
|
430 |
|
|
|
936 |
|
|
|
(506 |
) |
S&P 500 Index |
|
1,950.00 USD |
|
|
1/3/20 |
|
|
|
19 |
|
|
|
1,900 |
|
|
|
48 |
|
|
|
239 |
|
|
|
(191 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/3/20 |
|
|
|
34 |
|
|
|
3,400 |
|
|
|
85 |
|
|
|
377 |
|
|
|
(292 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/3/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
15 |
|
|
|
85 |
|
|
|
(70 |
) |
S&P 500 Index |
|
2,300.00 USD |
|
|
1/3/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
15 |
|
|
|
91 |
|
|
|
(76 |
) |
S&P 500 Index |
|
2,925.00 USD |
|
|
1/3/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
110 |
|
|
|
7,248 |
|
|
|
(7,138 |
) |
S&P 500 Index |
|
3,210.00 USD |
|
|
1/3/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
920 |
|
|
|
1,417 |
|
|
|
(497 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/6/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
15 |
|
|
|
67 |
|
|
|
(52 |
) |
S&P 500 Index |
|
2,950.00 USD |
|
|
1/6/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
240 |
|
|
|
5,424 |
|
|
|
(5,184 |
) |
S&P 500 Index |
|
3,020.00 USD |
|
|
1/6/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
175 |
|
|
|
2,862 |
|
|
|
(2,687 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/8/20 |
|
|
|
5 |
|
|
|
500 |
|
|
|
13 |
|
|
|
55 |
|
|
|
(42 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/8/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
15 |
|
|
|
97 |
|
|
|
(82 |
) |
S&P 500 Index |
|
3,000.00 USD |
|
|
1/8/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
470 |
|
|
|
5,528 |
|
|
|
(5,058 |
) |
S&P 500 Index |
|
3,030.00 USD |
|
|
1/8/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
270 |
|
|
|
3,834 |
|
|
|
(3,564 |
) |
S&P 500 Index |
|
3,205.00 USD |
|
|
1/8/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,890 |
|
|
|
2,249 |
|
|
|
(359 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/10/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
30 |
|
|
|
127 |
|
|
|
(97 |
) |
S&P 500 Index |
|
3,010.00 USD |
|
|
1/10/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
720 |
|
|
|
7,380 |
|
|
|
(6,660 |
) |
S&P 500 Index |
|
3,070.00 USD |
|
|
1/10/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
550 |
|
|
|
3,304 |
|
|
|
(2,754 |
) |
S&P 500 Index |
|
3,205.00 USD |
|
|
1/10/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
2,580 |
|
|
|
2,895 |
|
|
|
(315 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/13/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
20 |
|
|
|
56 |
|
|
|
(36 |
) |
S&P 500 Index |
|
3,055.00 USD |
|
|
1/13/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
565 |
|
|
|
3,128 |
|
|
|
(2,563 |
) |
S&P 500 Index |
|
3,100.00 USD |
|
|
1/13/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
840 |
|
|
|
2,084 |
|
|
|
(1,244 |
) |
S&P 500 Index |
|
3,225.00 USD |
|
|
1/13/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
3,970 |
|
|
|
3,664 |
|
|
|
306 |
|
S&P 500 Index |
|
2,000.00 USD |
|
|
1/15/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
78 |
|
|
|
344 |
|
|
|
(266 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/15/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
20 |
|
|
|
60 |
|
|
|
(40 |
) |
S&P 500 Index |
|
3,085.00 USD |
|
|
1/15/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
970 |
|
|
|
2,090 |
|
|
|
(1,120 |
) |
S&P 500 Index |
|
3,100.00 USD |
|
|
1/15/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,110 |
|
|
|
2,491 |
|
|
|
(1,381 |
) |
S&P 500 Index |
|
3,225.00 USD |
|
|
1/15/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
4,570 |
|
|
|
4,264 |
|
|
|
306 |
|
S&P 500 Index |
|
1,925.00 USD |
|
|
1/17/20 |
|
|
|
46 |
|
|
|
4,600 |
|
|
|
230 |
|
|
|
510 |
|
|
|
(280 |
) |
S&P 500 Index |
|
1,950.00 USD |
|
|
1/17/20 |
|
|
|
35 |
|
|
|
3,500 |
|
|
|
175 |
|
|
|
388 |
|
|
|
(213 |
) |
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,050.00 USD |
|
|
1/17/20 |
|
|
|
5 |
|
|
$ |
500 |
|
|
$ |
37 |
|
|
$ |
81 |
|
|
$ |
(44 |
) |
S&P 500 Index |
|
2,110.00 USD |
|
|
1/17/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
90 |
|
|
|
181 |
|
|
|
(91 |
) |
S&P 500 Index |
|
3,080.00 USD |
|
|
1/17/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,110 |
|
|
|
2,322 |
|
|
|
(1,212 |
) |
S&P 500 Index |
|
3,120.00 USD |
|
|
1/17/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,580 |
|
|
|
2,267 |
|
|
|
(687 |
) |
S&P 500 Index |
|
3,225.00 USD |
|
|
1/17/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
4,960 |
|
|
|
4,624 |
|
|
|
336 |
|
S&P 500 Index |
|
2,150.00 USD |
|
|
1/21/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
40 |
|
|
|
68 |
|
|
|
(28 |
) |
S&P 500 Index |
|
2,925.00 USD |
|
|
1/21/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
2,790 |
|
|
|
3,324 |
|
|
|
(534 |
) |
S&P 500 Index |
|
3,105.00 USD |
|
|
1/21/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,660 |
|
|
|
2,308 |
|
|
|
(648 |
) |
S&P 500 Index |
|
3,130.00 USD |
|
|
1/21/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
2,070 |
|
|
|
2,742 |
|
|
|
(672 |
) |
S&P 500 Index |
|
3,200.00 USD |
|
|
1/21/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
4,130 |
|
|
|
5,793 |
|
|
|
(1,663 |
) |
S&P 500 Index |
|
2,150.00 USD |
|
|
1/22/20 |
|
|
|
4 |
|
|
|
400 |
|
|
|
50 |
|
|
|
76 |
|
|
|
(26 |
) |
S&P 500 Index |
|
2,915.00 USD |
|
|
1/22/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
2,940 |
|
|
|
4,033 |
|
|
|
(1,093 |
) |
S&P 500 Index |
|
3,115.00 USD |
|
|
1/22/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
1,990 |
|
|
|
2,624 |
|
|
|
(634 |
) |
S&P 500 Index |
|
3,125.00 USD |
|
|
1/22/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
2,170 |
|
|
|
2,850 |
|
|
|
(680 |
) |
S&P 500 Index |
|
3,175.00 USD |
|
|
1/22/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
3,430 |
|
|
|
4,765 |
|
|
|
(1,335 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/24/20 |
|
|
|
5 |
|
|
|
500 |
|
|
|
38 |
|
|
|
50 |
|
|
|
(12 |
) |
S&P 500 Index |
|
3,110.00 USD |
|
|
1/24/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
2,220 |
|
|
|
2,844 |
|
|
|
(624 |
) |
S&P 500 Index |
|
3,135.00 USD |
|
|
1/24/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
2,730 |
|
|
|
2,655 |
|
|
|
75 |
|
S&P 500 Index |
|
3,175.00 USD |
|
|
1/24/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
3,880 |
|
|
|
5,330 |
|
|
|
(1,450 |
) |
S&P 500 Index |
|
2,850.00 USD |
|
|
1/27/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
445 |
|
|
|
524 |
|
|
|
(79 |
) |
S&P 500 Index |
|
3,110.00 USD |
|
|
1/27/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
1,205 |
|
|
|
1,540 |
|
|
|
(335 |
) |
S&P 500 Index |
|
3,120.00 USD |
|
|
1/27/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
2,610 |
|
|
|
2,550 |
|
|
|
60 |
|
S&P 500 Index |
|
3,215.00 USD |
|
|
1/27/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
5,920 |
|
|
|
7,886 |
|
|
|
(1,966 |
) |
S&P 500 Index |
|
2,850.00 USD |
|
|
1/29/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
520 |
|
|
|
712 |
|
|
|
(192 |
) |
S&P 500 Index |
|
3,125.00 USD |
|
|
1/29/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
1,555 |
|
|
|
2,170 |
|
|
|
(615 |
) |
S&P 500 Index |
|
3,200.00 USD |
|
|
1/29/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
5,670 |
|
|
|
7,453 |
|
|
|
(1,783 |
) |
S&P 500 Index |
|
3,110.00 USD |
|
|
1/31/20 |
|
|
|
8 |
|
|
|
800 |
|
|
|
12,480 |
|
|
|
16,292 |
|
|
|
(3,812 |
) |
S&P 500 Index |
|
3,200.00 USD |
|
|
1/31/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
6,170 |
|
|
|
8,133 |
|
|
|
(1,963 |
) |
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/2/20 |
|
|
|
13 |
|
|
|
1,300 |
|
|
|
10 |
|
|
|
6,033 |
|
|
|
(6,023 |
) |
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/2/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
17 |
|
|
|
4,078 |
|
|
|
(4,061 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/2/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
269 |
|
|
|
2,391 |
|
|
|
(2,122 |
) |
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/3/20 |
|
|
|
15 |
|
|
|
1,500 |
|
|
|
150 |
|
|
|
6,601 |
|
|
|
(6,451 |
) |
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/3/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
225 |
|
|
|
6,974 |
|
|
|
(6,749 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/3/20 |
|
|
|
13 |
|
|
|
1,300 |
|
|
|
442 |
|
|
|
3,211 |
|
|
|
(2,769 |
) |
S&P 500 Mini Index |
|
313.00 USD |
|
|
1/8/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
330 |
|
|
|
4,840 |
|
|
|
(4,510 |
) |
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/8/20 |
|
|
|
13 |
|
|
|
1,300 |
|
|
|
429 |
|
|
|
5,352 |
|
|
|
(4,923 |
) |
S&P 500 Mini Index |
|
317.00 USD |
|
|
1/10/20 |
|
|
|
28 |
|
|
|
2,800 |
|
|
|
2,156 |
|
|
|
6,216 |
|
|
|
(4,060 |
) |
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/13/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
2,106 |
|
|
|
3,351 |
|
|
|
(1,245 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/15/20 |
|
|
|
10 |
|
|
|
1,000 |
|
|
|
1,625 |
|
|
|
2,101 |
|
|
|
(476 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/17/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
378 |
|
|
|
634 |
|
|
|
(256 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/17/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
2,160 |
|
|
|
2,755 |
|
|
|
(595 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/21/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
1,859 |
|
|
|
2,305 |
|
|
|
(446 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/21/20 |
|
|
|
22 |
|
|
|
2,200 |
|
|
|
5,687 |
|
|
|
6,818 |
|
|
|
(1,131 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/22/20 |
|
|
|
25 |
|
|
|
2,500 |
|
|
|
7,588 |
|
|
|
8,437 |
|
|
|
(849 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/24/20 |
|
|
|
15 |
|
|
|
1,500 |
|
|
|
4,928 |
|
|
|
4,744 |
|
|
|
184 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/24/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
4,380 |
|
|
|
4,275 |
|
|
|
105 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/27/20 |
|
|
|
11 |
|
|
|
1,100 |
|
|
|
3,416 |
|
|
|
4,235 |
|
|
|
(819 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/29/20 |
|
|
|
13 |
|
|
|
1,300 |
|
|
|
4,381 |
|
|
|
4,933 |
|
|
|
(552 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total put options |
|
|
|
|
|
|
|
|
|
|
$ |
139,885 |
|
|
$ |
268,100 |
|
|
$ |
(128,215 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options purchased contracts |
|
|
|
|
|
|
|
|
|
|
$ |
698,426 |
|
|
$ |
529,660 |
|
|
$ |
168,766 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options written contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
Call options: |
|
CBOE SPX Volatility Index |
|
30.00 USD |
|
|
1/22/20 |
|
|
|
(20 |
) |
|
$ |
(2,000) |
|
|
$ |
(350 |
) |
|
$ |
(1,385 |
) |
|
$ |
1,035 |
|
E-mini S&P 500 Index |
|
318.00 USD |
|
|
1/3/20 |
|
|
|
(19 |
) |
|
|
(1,900 |
) |
|
|
(10,383 |
) |
|
|
(1,072 |
) |
|
|
(9,311 |
) |
E-mini S&P 500 Index |
|
324.00 USD |
|
|
1/3/20 |
|
|
|
(79 |
) |
|
|
(7,900 |
) |
|
|
(6,557 |
) |
|
|
(5,998 |
) |
|
|
(559 |
) |
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
E-mini S&P 500 Index |
|
327.00 USD |
|
|
1/3/20 |
|
|
|
(83 |
) |
|
$ |
(8,300 |
) |
|
$ |
(830 |
) |
|
$ |
(2,252 |
) |
|
$ |
1,422 |
|
E-mini S&P 500 Index |
|
330.00 USD |
|
|
1/3/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(45 |
) |
|
|
(432 |
) |
|
|
387 |
|
E-mini S&P 500 Index |
|
318.00 USD |
|
|
1/6/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(16,290 |
) |
|
|
(1,152 |
) |
|
|
(15,138 |
) |
E-mini S&P 500 Index |
|
328.00 USD |
|
|
1/6/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(330 |
) |
|
|
(830 |
) |
|
|
500 |
|
E-mini S&P 500 Index |
|
321.00 USD |
|
|
1/10/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(11,445 |
) |
|
|
(1,962 |
) |
|
|
(9,483 |
) |
E-mini S&P 500 Index |
|
327.00 USD |
|
|
1/10/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(2,046 |
) |
|
|
(1,197 |
) |
|
|
(849 |
) |
E-mini S&P 500 Index |
|
320.00 USD |
|
|
1/17/20 |
|
|
|
(14 |
) |
|
|
(1,400 |
) |
|
|
(7,539 |
) |
|
|
(1,042 |
) |
|
|
(6,497 |
) |
E-mini S&P 500 Index |
|
335.00 USD |
|
|
1/17/20 |
|
|
|
(82 |
) |
|
|
(8,200 |
) |
|
|
(533 |
) |
|
|
(1,386 |
) |
|
|
853 |
|
E-mini S&P 500 Index |
|
325.00 USD |
|
|
1/24/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(7,875 |
) |
|
|
(1,812 |
) |
|
|
(6,063 |
) |
E-mini S&P 500 Index |
|
331.00 USD |
|
|
1/24/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(1,699 |
) |
|
|
(921 |
) |
|
|
(778 |
) |
E-mini S&P 500 Index |
|
328.00 USD |
|
|
1/31/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(5,385 |
) |
|
|
(1,452 |
) |
|
|
(3,933 |
) |
E-mini S&P 500 Index |
|
332.00 USD |
|
|
2/21/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(5,197 |
) |
|
|
(1,928 |
) |
|
|
(3,269 |
) |
E-mini S&P 500 Index Flex |
|
322.00 USD |
|
|
1/2/20 |
|
|
|
(39 |
) |
|
|
(3,900 |
) |
|
|
(6,294 |
) |
|
|
(2,083 |
) |
|
|
(4,211 |
) |
E-mini S&P 500 Index Flex |
|
328.00 USD |
|
|
1/29/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(5,096 |
) |
|
|
(1,302 |
) |
|
|
(3,794 |
) |
Nasdaq 100 Stock Index |
|
9,325.00 USD |
|
|
2/21/20 |
|
|
|
(7 |
) |
|
|
(700 |
) |
|
|
(9,835 |
) |
|
|
(12,241 |
) |
|
|
2,406 |
|
Russell 2000 Index |
|
1,710.00 USD |
|
|
1/10/20 |
|
|
|
(12 |
) |
|
|
(1,200 |
) |
|
|
(1,530 |
) |
|
|
(3,263 |
) |
|
|
1,733 |
|
Russell 2000 Index |
|
1,750.00 USD |
|
|
1/24/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(788 |
) |
|
|
(1,502 |
) |
|
|
714 |
|
S&P 500 Index |
|
3,420.00 USD |
|
|
2/28/20 |
|
|
|
(7 |
) |
|
|
(700 |
) |
|
|
(2,485 |
) |
|
|
(3,626 |
) |
|
|
1,141 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/2/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(2,894 |
) |
|
|
(3,970 |
) |
|
|
1,076 |
|
S&P 500 Mini Index |
|
326.00 USD |
|
|
1/2/20 |
|
|
|
(50 |
) |
|
|
(5,000 |
) |
|
|
(546 |
) |
|
|
(978 |
) |
|
|
432 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
1/2/20 |
|
|
|
(50 |
) |
|
|
(5,000 |
) |
|
|
(219 |
) |
|
|
(1,416 |
) |
|
|
1,197 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/3/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(3,988 |
) |
|
|
(4,667 |
) |
|
|
679 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/6/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(6,801 |
) |
|
|
(5,713 |
) |
|
|
(1,088 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/8/20 |
|
|
|
(59 |
) |
|
|
(5,900 |
) |
|
|
(15,960 |
) |
|
|
(7,591 |
) |
|
|
(8,369 |
) |
S&P 500 Mini Index |
|
327.00 USD |
|
|
1/8/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(1,304 |
) |
|
|
(645 |
) |
|
|
(659 |
) |
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/13/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(16,197 |
) |
|
|
(1,404 |
) |
|
|
(14,793 |
) |
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/13/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(1,617 |
) |
|
|
(768 |
) |
|
|
(849 |
) |
S&P 500 Mini Index |
|
330.00 USD |
|
|
1/13/20 |
|
|
|
(34 |
) |
|
|
(3,400 |
) |
|
|
(697 |
) |
|
|
(1,307 |
) |
|
|
610 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/15/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(10,620 |
) |
|
|
(1,722 |
) |
|
|
(8,898 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/21/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(8,340 |
) |
|
|
(1,602 |
) |
|
|
(6,738 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/22/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(8,760 |
) |
|
|
(1,452 |
) |
|
|
(7,308 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
1/24/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(240 |
) |
|
|
(450 |
) |
|
|
210 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/27/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(4,140 |
) |
|
|
(1,812 |
) |
|
|
(2,328 |
) |
S&P 500 Mini Index |
|
333.00 USD |
|
|
1/27/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(1,056 |
) |
|
|
(954 |
) |
|
|
(102 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
1/27/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(210 |
) |
|
|
(387 |
) |
|
|
177 |
|
S&P 500 Mini Index |
|
333.00 USD |
|
|
1/29/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(1,711 |
) |
|
|
(921 |
) |
|
|
(790 |
) |
S&P 500 Mini Index |
|
330.00 USD |
|
|
1/31/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(3,663 |
) |
|
|
(1,482 |
) |
|
|
(2,181 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
1/31/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(390 |
) |
|
|
(690 |
) |
|
|
300 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/3/20 |
|
|
|
(66 |
) |
|
|
(6,600 |
) |
|
|
(10,164 |
) |
|
|
(4,094 |
) |
|
|
(6,070 |
) |
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/5/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(6,085 |
) |
|
|
(2,282 |
) |
|
|
(3,803 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/5/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(3,146 |
) |
|
|
(1,119 |
) |
|
|
(2,027 |
) |
S&P 500 Mini Index |
|
330.00 USD |
|
|
2/7/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(4,967 |
) |
|
|
(2,711 |
) |
|
|
(2,256 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/7/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(3,168 |
) |
|
|
(1,581 |
) |
|
|
(1,587 |
) |
S&P 500 Mini Index |
|
339.00 USD |
|
|
2/7/20 |
|
|
|
(20 |
) |
|
|
(2,000 |
) |
|
|
(380 |
) |
|
|
(598 |
) |
|
|
218 |
|
S&P 500 Mini Index |
|
330.00 USD |
|
|
2/10/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(5,231 |
) |
|
|
(2,254 |
) |
|
|
(2,977 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/10/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(3,333 |
) |
|
|
(2,208 |
) |
|
|
(1,125 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/10/20 |
|
|
|
(40 |
) |
|
|
(4,000 |
) |
|
|
(1,620 |
) |
|
|
(1,800 |
) |
|
|
180 |
|
S&P 500 Mini Index |
|
331.00 USD |
|
|
2/12/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(5,114 |
) |
|
|
(2,254 |
) |
|
|
(2,860 |
) |
S&P 500 Mini Index |
|
333.00 USD |
|
|
2/12/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(2,443 |
) |
|
|
(1,630 |
) |
|
|
(813 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/12/20 |
|
|
|
(40 |
) |
|
|
(4,000 |
) |
|
|
(1,813 |
) |
|
|
(1,436 |
) |
|
|
(377 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/14/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(4,608 |
) |
|
|
(2,249 |
) |
|
|
(2,359 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
2/14/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(1,018 |
) |
|
|
(792 |
) |
|
|
(226 |
) |
S&P 500 Mini Index |
|
340.00 USD |
|
|
2/14/20 |
|
|
|
(20 |
) |
|
|
(2,000 |
) |
|
|
(490 |
) |
|
|
(798 |
) |
|
|
308 |
|
S&P 500 Mini Index |
|
334.00 USD |
|
|
2/18/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(3,697 |
) |
|
|
(1,853 |
) |
|
|
(1,844 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
2/18/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(1,938 |
) |
|
|
(1,650 |
) |
|
|
(288 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/19/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(5,485 |
) |
|
|
(2,460 |
) |
|
|
(3,025 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
2/19/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(1,861 |
) |
|
|
(1,497 |
) |
|
|
(364 |
) |
S&P 500 Mini Index |
|
334.00 USD |
|
|
2/24/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(4,620 |
) |
|
|
(1,944 |
) |
|
|
(2,676 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/26/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(3,504 |
) |
|
|
(1,845 |
) |
|
|
(1,659 |
) |
S&P 500 Mini Index |
|
343.00 USD |
|
|
2/26/20 |
|
|
|
(34 |
) |
|
|
(3,400 |
) |
|
|
(1,279 |
) |
|
|
(1,731 |
) |
|
|
452 |
|
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/28/20 |
|
|
|
(33 |
) |
|
$ |
(3,300 |
) |
|
$ |
(3,744 |
) |
|
$ |
(2,208 |
) |
|
$ |
(1,536 |
) |
S&P 500 Mini Index |
|
339.00 USD |
|
|
2/28/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(2,089 |
) |
|
|
(1,770 |
) |
|
|
(319 |
) |
S&P 500 Mini Index |
|
342.00 USD |
|
|
2/28/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(1,096 |
) |
|
|
(1,056 |
) |
|
|
(40 |
) |
S&P 500 Mini Index |
|
333.00 USD |
|
|
3/2/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(6,844 |
) |
|
|
(1,977 |
) |
|
|
(4,867 |
) |
S&P 500 Mini Index |
|
339.00 USD |
|
|
3/2/20 |
|
|
|
(30 |
) |
|
|
(3,000 |
) |
|
|
(1,915 |
) |
|
|
(2,218 |
) |
|
|
303 |
|
S&P 500 Mini Index |
|
341.00 USD |
|
|
3/2/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(1,210 |
) |
|
|
(1,654 |
) |
|
|
444 |
|
S&P 500 Mini Index |
|
333.00 USD |
|
|
3/4/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(7,299 |
) |
|
|
(2,274 |
) |
|
|
(5,025 |
) |
S&P 500 Mini Index |
|
335.00 USD |
|
|
3/6/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(5,198 |
) |
|
|
(2,934 |
) |
|
|
(2,264 |
) |
S&P 500 Mini Index |
|
335.00 USD |
|
|
3/9/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(6,320 |
) |
|
|
(2,607 |
) |
|
|
(3,713 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
3/11/20 |
|
|
|
(33 |
) |
|
|
(3,300 |
) |
|
|
(5,749 |
) |
|
|
(2,208 |
) |
|
|
(3,541 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
3/13/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(3,300 |
) |
|
|
(1,054 |
) |
|
|
(2,246 |
) |
S&P 500 Mini Index |
|
341.00 USD |
|
|
3/16/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(2,369 |
) |
|
|
(1,416 |
) |
|
|
(953 |
) |
S&P 500 Mini Index |
|
347.00 USD |
|
|
3/27/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(1,482 |
) |
|
|
(1,174 |
) |
|
|
(308 |
) |
S&P 500 Mini Index |
|
345.00 USD |
|
|
3/30/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(1,983 |
) |
|
|
(1,896 |
) |
|
|
(87 |
) |
S&P 500 Mini Index |
|
344.00 USD |
|
|
4/1/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(2,086 |
) |
|
|
(1,798 |
) |
|
|
(288 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total call options |
|
|
|
|
|
|
|
|
|
|
$ |
(320,533 |
) |
|
$ |
(157,799 |
) |
|
$ |
(162,734 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put options: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E-mini S&P 500 Index |
|
275.00 USD |
|
|
1/3/20 |
|
|
|
(23 |
) |
|
$ |
(2,300 |
) |
|
$ |
(23 |
) |
|
$ |
(2,240 |
) |
|
$ |
2,217 |
|
E-mini S&P 500 Index |
|
308.00 USD |
|
|
1/3/20 |
|
|
|
(7 |
) |
|
|
(700 |
) |
|
|
(59 |
) |
|
|
(1,472 |
) |
|
|
1,413 |
|
E-mini S&P 500 Index |
|
307.00 USD |
|
|
1/6/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(99 |
) |
|
|
(2,357 |
) |
|
|
2,258 |
|
Nasdaq 100 Stock Index |
|
7,500.00 USD |
|
|
1/24/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(990 |
) |
|
|
(1,996 |
) |
|
|
1,006 |
|
Nasdaq 100 Stock Index |
|
7,600.00 USD |
|
|
1/31/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(3,075 |
) |
|
|
(4,974 |
) |
|
|
1,899 |
|
S&P 500 Index |
|
2,850.00 USD |
|
|
1/3/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(75 |
) |
|
|
(6,418 |
) |
|
|
6,343 |
|
S&P 500 Index |
|
2,875.00 USD |
|
|
1/3/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(80 |
) |
|
|
(2,652 |
) |
|
|
2,572 |
|
S&P 500 Index |
|
3,175.00 USD |
|
|
1/3/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(750 |
) |
|
|
(1,357 |
) |
|
|
607 |
|
S&P 500 Index |
|
2,875.00 USD |
|
|
1/6/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(210 |
) |
|
|
(4,384 |
) |
|
|
4,174 |
|
S&P 500 Index |
|
2,940.00 USD |
|
|
1/6/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(220 |
) |
|
|
(3,100 |
) |
|
|
2,880 |
|
S&P 500 Index |
|
2,920.00 USD |
|
|
1/8/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(465 |
) |
|
|
(4,546 |
) |
|
|
4,081 |
|
S&P 500 Index |
|
2,950.00 USD |
|
|
1/8/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(350 |
) |
|
|
(4,216 |
) |
|
|
3,866 |
|
S&P 500 Index |
|
3,155.00 USD |
|
|
1/8/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,660 |
) |
|
|
(2,225 |
) |
|
|
565 |
|
S&P 500 Index |
|
2,805.00 USD |
|
|
1/10/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(187 |
) |
|
|
(3,537 |
) |
|
|
3,350 |
|
S&P 500 Index |
|
2,815.00 USD |
|
|
1/10/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(187 |
) |
|
|
(3,456 |
) |
|
|
3,269 |
|
S&P 500 Index |
|
2,825.00 USD |
|
|
1/10/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(202 |
) |
|
|
(3,337 |
) |
|
|
3,135 |
|
S&P 500 Index |
|
2,850.00 USD |
|
|
1/10/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(240 |
) |
|
|
(3,260 |
) |
|
|
3,020 |
|
S&P 500 Index |
|
2,860.00 USD |
|
|
1/10/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(247 |
) |
|
|
(3,119 |
) |
|
|
2,872 |
|
S&P 500 Index |
|
2,930.00 USD |
|
|
1/10/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(705 |
) |
|
|
(6,269 |
) |
|
|
5,564 |
|
S&P 500 Index |
|
2,990.00 USD |
|
|
1/10/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(640 |
) |
|
|
(3,540 |
) |
|
|
2,900 |
|
S&P 500 Index |
|
3,140.00 USD |
|
|
1/10/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,120 |
) |
|
|
(2,671 |
) |
|
|
551 |
|
S&P 500 Index |
|
2,975.00 USD |
|
|
1/13/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(680 |
) |
|
|
(3,452 |
) |
|
|
2,772 |
|
S&P 500 Index |
|
3,020.00 USD |
|
|
1/13/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(880 |
) |
|
|
(2,192 |
) |
|
|
1,312 |
|
S&P 500 Index |
|
3,160.00 USD |
|
|
1/13/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(3,160 |
) |
|
|
(3,312 |
) |
|
|
152 |
|
S&P 500 Index |
|
3,005.00 USD |
|
|
1/15/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,050 |
) |
|
|
(2,252 |
) |
|
|
1,202 |
|
S&P 500 Index |
|
3,020.00 USD |
|
|
1/15/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,160 |
) |
|
|
(2,756 |
) |
|
|
1,596 |
|
S&P 500 Index |
|
3,155.00 USD |
|
|
1/15/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(3,820 |
) |
|
|
(3,912 |
) |
|
|
92 |
|
S&P 500 Index |
|
2,275.00 USD |
|
|
1/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(10 |
) |
|
|
(2,977 |
) |
|
|
2,967 |
|
S&P 500 Index |
|
2,300.00 USD |
|
|
1/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(10 |
) |
|
|
(3,019 |
) |
|
|
3,009 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
1/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(13 |
) |
|
|
(2,899 |
) |
|
|
2,886 |
|
S&P 500 Index |
|
2,375.00 USD |
|
|
1/17/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(45 |
) |
|
|
(8,486 |
) |
|
|
8,441 |
|
S&P 500 Index |
|
2,500.00 USD |
|
|
1/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(22 |
) |
|
|
(2,329 |
) |
|
|
2,307 |
|
S&P 500 Index |
|
2,525.00 USD |
|
|
1/17/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(150 |
) |
|
|
(10,634 |
) |
|
|
10,484 |
|
S&P 500 Index |
|
2,595.00 USD |
|
|
1/17/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(150 |
) |
|
|
(7,675 |
) |
|
|
7,525 |
|
S&P 500 Index |
|
2,620.00 USD |
|
|
1/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(80 |
) |
|
|
(3,378 |
) |
|
|
3,298 |
|
S&P 500 Index |
|
2,635.00 USD |
|
|
1/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(95 |
) |
|
|
(3,398 |
) |
|
|
3,303 |
|
S&P 500 Index |
|
2,645.00 USD |
|
|
1/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(100 |
) |
|
|
(3,495 |
) |
|
|
3,395 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
1/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(100 |
) |
|
|
(3,238 |
) |
|
|
3,138 |
|
S&P 500 Index |
|
2,655.00 USD |
|
|
1/17/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(210 |
) |
|
|
(6,720 |
) |
|
|
6,510 |
|
S&P 500 Index |
|
2,670.00 USD |
|
|
1/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(105 |
) |
|
|
(3,155 |
) |
|
|
3,050 |
|
S&P 500 Index |
|
2,820.00 USD |
|
|
1/17/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(337 |
) |
|
|
(3,575 |
) |
|
|
3,238 |
|
S&P 500 Index |
|
2,830.00 USD |
|
|
1/17/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(352 |
) |
|
|
(3,441 |
) |
|
|
3,089 |
|
S&P 500 Index |
|
2,835.00 USD |
|
|
1/17/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(367 |
) |
|
|
(3,333 |
) |
|
|
2,966 |
|
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,840.00 USD |
|
|
1/17/20 |
|
|
|
(3 |
) |
|
$ |
(300 |
) |
|
$ |
(367 |
) |
|
$ |
(3,525 |
) |
|
$ |
3,158 |
|
S&P 500 Index |
|
2,880.00 USD |
|
|
1/17/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(915 |
) |
|
|
(1,851 |
) |
|
|
936 |
|
S&P 500 Index |
|
3,000.00 USD |
|
|
1/17/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,220 |
) |
|
|
(2,640 |
) |
|
|
1,420 |
|
S&P 500 Index |
|
3,040.00 USD |
|
|
1/17/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,620 |
) |
|
|
(2,492 |
) |
|
|
872 |
|
S&P 500 Index |
|
3,155.00 USD |
|
|
1/17/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(4,420 |
) |
|
|
(4,432 |
) |
|
|
12 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/21/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(975 |
) |
|
|
(1,851 |
) |
|
|
876 |
|
S&P 500 Index |
|
3,025.00 USD |
|
|
1/21/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,760 |
) |
|
|
(2,616 |
) |
|
|
856 |
|
S&P 500 Index |
|
3,050.00 USD |
|
|
1/21/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,120 |
) |
|
|
(3,176 |
) |
|
|
1,056 |
|
S&P 500 Index |
|
3,120.00 USD |
|
|
1/21/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(3,780 |
) |
|
|
(5,569 |
) |
|
|
1,789 |
|
S&P 500 Index |
|
3,030.00 USD |
|
|
1/22/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,040 |
) |
|
|
(2,964 |
) |
|
|
924 |
|
S&P 500 Index |
|
3,045.00 USD |
|
|
1/22/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,280 |
) |
|
|
(3,220 |
) |
|
|
940 |
|
S&P 500 Index |
|
3,090.00 USD |
|
|
1/22/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(3,220 |
) |
|
|
(4,646 |
) |
|
|
1,426 |
|
S&P 500 Index |
|
315.00 USD |
|
|
1/24/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(933 |
) |
|
|
(887 |
) |
|
|
(46 |
) |
S&P 500 Index |
|
2,850.00 USD |
|
|
1/24/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(607 |
) |
|
|
(3,375 |
) |
|
|
2,768 |
|
S&P 500 Index |
|
2,870.00 USD |
|
|
1/24/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(675 |
) |
|
|
(3,369 |
) |
|
|
2,694 |
|
S&P 500 Index |
|
2,880.00 USD |
|
|
1/24/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(713 |
) |
|
|
(3,399 |
) |
|
|
2,686 |
|
S&P 500 Index |
|
2,885.00 USD |
|
|
1/24/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,225 |
) |
|
|
(5,445 |
) |
|
|
4,220 |
|
S&P 500 Index |
|
2,970.00 USD |
|
|
1/24/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(3,240 |
) |
|
|
(5,389 |
) |
|
|
2,149 |
|
S&P 500 Index |
|
3,030.00 USD |
|
|
1/24/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,420 |
) |
|
|
(3,340 |
) |
|
|
920 |
|
S&P 500 Index |
|
3,055.00 USD |
|
|
1/24/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,900 |
) |
|
|
(2,932 |
) |
|
|
32 |
|
S&P 500 Index |
|
3,085.00 USD |
|
|
1/24/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(3,620 |
) |
|
|
(5,196 |
) |
|
|
1,576 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/27/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(1,425 |
) |
|
|
(1,761 |
) |
|
|
336 |
|
S&P 500 Index |
|
3,035.00 USD |
|
|
1/27/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,760 |
) |
|
|
(2,780 |
) |
|
|
20 |
|
S&P 500 Index |
|
3,050.00 USD |
|
|
1/27/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,520 |
) |
|
|
(1,934 |
) |
|
|
414 |
|
S&P 500 Index |
|
3,130.00 USD |
|
|
1/27/20 |
|
|
|
(4 |
) |
|
|
(300 |
) |
|
|
(4,245 |
) |
|
|
(5,882 |
) |
|
|
1,637 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/29/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(1,680 |
) |
|
|
(2,334 |
) |
|
|
654 |
|
S&P 500 Index |
|
3,045.00 USD |
|
|
1/29/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,720 |
) |
|
|
(2,428 |
) |
|
|
708 |
|
S&P 500 Index |
|
3,110.00 USD |
|
|
1/29/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(4,155 |
) |
|
|
(5,667 |
) |
|
|
1,512 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
1/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(30 |
) |
|
|
(2,719 |
) |
|
|
2,689 |
|
S&P 500 Index |
|
2,400.00 USD |
|
|
1/31/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(75 |
) |
|
|
(4,995 |
) |
|
|
4,920 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
1/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(42 |
) |
|
|
(2,539 |
) |
|
|
2,497 |
|
S&P 500 Index |
|
2,625.00 USD |
|
|
1/31/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(190 |
) |
|
|
(3,518 |
) |
|
|
3,328 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
1/31/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(220 |
) |
|
|
(3,383 |
) |
|
|
3,163 |
|
S&P 500 Index |
|
2,670.00 USD |
|
|
1/31/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(480 |
) |
|
|
(6,835 |
) |
|
|
6,355 |
|
S&P 500 Index |
|
2,680.00 USD |
|
|
1/31/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(510 |
) |
|
|
(6,894 |
) |
|
|
6,384 |
|
S&P 500 Index |
|
2,690.00 USD |
|
|
1/31/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(530 |
) |
|
|
(7,379 |
) |
|
|
6,849 |
|
S&P 500 Index |
|
2,715.00 USD |
|
|
1/31/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(600 |
) |
|
|
(6,081 |
) |
|
|
5,481 |
|
S&P 500 Index |
|
2,730.00 USD |
|
|
1/31/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(320 |
) |
|
|
(2,990 |
) |
|
|
2,670 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
1/31/20 |
|
|
|
(7 |
) |
|
|
(700 |
) |
|
|
(1,190 |
) |
|
|
(10,174 |
) |
|
|
8,984 |
|
S&P 500 Index |
|
2,800.00 USD |
|
|
1/31/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(690 |
) |
|
|
(3,723 |
) |
|
|
3,033 |
|
S&P 500 Index |
|
2,810.00 USD |
|
|
1/31/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(720 |
) |
|
|
(3,883 |
) |
|
|
3,163 |
|
S&P 500 Index |
|
2,815.00 USD |
|
|
1/31/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(750 |
) |
|
|
(3,951 |
) |
|
|
3,201 |
|
S&P 500 Index |
|
2,855.00 USD |
|
|
1/31/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(923 |
) |
|
|
(3,759 |
) |
|
|
2,836 |
|
S&P 500 Index |
|
2,860.00 USD |
|
|
1/31/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(945 |
) |
|
|
(3,663 |
) |
|
|
2,718 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/31/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(15,360 |
) |
|
|
(20,051 |
) |
|
|
4,691 |
|
S&P 500 Index |
|
3,100.00 USD |
|
|
1/31/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(5,800 |
) |
|
|
(7,919 |
) |
|
|
2,119 |
|
S&P 500 Index |
|
2,820.00 USD |
|
|
2/7/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(2,130 |
) |
|
|
(8,218 |
) |
|
|
6,088 |
|
S&P 500 Index |
|
2,855.00 USD |
|
|
2/7/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(1,275 |
) |
|
|
(3,780 |
) |
|
|
2,505 |
|
S&P 500 Index |
|
2,890.00 USD |
|
|
2/7/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,030 |
) |
|
|
(2,348 |
) |
|
|
1,318 |
|
S&P 500 Index |
|
2,890.00 USD |
|
|
2/14/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(5,400 |
) |
|
|
(5,824 |
) |
|
|
424 |
|
S&P 500 Index |
|
2,920.00 USD |
|
|
2/14/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(4,740 |
) |
|
|
(6,905 |
) |
|
|
2,165 |
|
S&P 500 Index |
|
2,930.00 USD |
|
|
2/14/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(5,040 |
) |
|
|
(7,096 |
) |
|
|
2,056 |
|
S&P 500 Index |
|
2,955.00 USD |
|
|
2/14/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,930 |
) |
|
|
(2,336 |
) |
|
|
406 |
|
S&P 500 Index |
|
2,250.00 USD |
|
|
2/21/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(47 |
) |
|
|
(2,457 |
) |
|
|
2,410 |
|
S&P 500 Index |
|
2,300.00 USD |
|
|
2/21/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(55 |
) |
|
|
(2,629 |
) |
|
|
2,574 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
2/21/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(70 |
) |
|
|
(2,447 |
) |
|
|
2,377 |
|
S&P 500 Index |
|
2,375.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(155 |
) |
|
|
(5,228 |
) |
|
|
5,073 |
|
S&P 500 Index |
|
2,700.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(650 |
) |
|
|
(3,492 |
) |
|
|
2,842 |
|
S&P 500 Index |
|
2,705.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(660 |
) |
|
|
(3,363 |
) |
|
|
2,703 |
|
S&P 500 Index |
|
2,720.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(710 |
) |
|
|
(3,355 |
) |
|
|
2,645 |
|
S&P 500 Index |
|
2,730.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(740 |
) |
|
|
(3,360 |
) |
|
|
2,620 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
2/21/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(2,310 |
) |
|
|
(9,689 |
) |
|
|
7,379 |
|
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,745.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
$ |
(200 |
) |
|
$ |
(790 |
) |
|
$ |
(3,123 |
) |
|
$ |
2,333 |
|
S&P 500 Index |
|
2,750.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(810 |
) |
|
|
(3,270 |
) |
|
|
2,460 |
|
S&P 500 Index |
|
2,775.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(910 |
) |
|
|
(2,940 |
) |
|
|
2,030 |
|
S&P 500 Index |
|
2,795.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,010 |
) |
|
|
(3,028 |
) |
|
|
2,018 |
|
S&P 500 Index |
|
2,800.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,030 |
) |
|
|
(3,007 |
) |
|
|
1,977 |
|
S&P 500 Index |
|
2,805.00 USD |
|
|
2/21/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,100 |
) |
|
|
(5,788 |
) |
|
|
3,688 |
|
S&P 500 Index |
|
2,890.00 USD |
|
|
2/21/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(6,440 |
) |
|
|
(6,936 |
) |
|
|
496 |
|
S&P 500 Index |
|
2,920.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,890 |
) |
|
|
(2,450 |
) |
|
|
560 |
|
S&P 500 Index |
|
2,935.00 USD |
|
|
2/21/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(4,100 |
) |
|
|
(4,804 |
) |
|
|
704 |
|
S&P 500 Index |
|
2,940.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(2,100 |
) |
|
|
(2,482 |
) |
|
|
382 |
|
S&P 500 Index |
|
2,955.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(2,280 |
) |
|
|
(2,366 |
) |
|
|
86 |
|
S&P 500 Index |
|
2,965.00 USD |
|
|
2/21/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(2,400 |
) |
|
|
(2,359 |
) |
|
|
(41 |
) |
S&P 500 Index |
|
2,350.00 USD |
|
|
2/28/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(97 |
) |
|
|
(2,859 |
) |
|
|
2,762 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
2/28/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(145 |
) |
|
|
(2,699 |
) |
|
|
2,554 |
|
S&P 500 Index |
|
2,675.00 USD |
|
|
2/28/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(750 |
) |
|
|
(3,575 |
) |
|
|
2,825 |
|
S&P 500 Index |
|
2,730.00 USD |
|
|
2/28/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(1,900 |
) |
|
|
(6,465 |
) |
|
|
4,565 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
2/28/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,010 |
) |
|
|
(3,342 |
) |
|
|
2,332 |
|
S&P 500 Index |
|
2,775.00 USD |
|
|
2/28/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,180 |
) |
|
|
(3,127 |
) |
|
|
1,947 |
|
S&P 500 Index |
|
2,785.00 USD |
|
|
2/28/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,230 |
) |
|
|
(3,185 |
) |
|
|
1,955 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
3/6/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(2,520 |
) |
|
|
(6,800 |
) |
|
|
4,280 |
|
S&P 500 Index |
|
2,780.00 USD |
|
|
3/6/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,510 |
) |
|
|
(3,286 |
) |
|
|
1,776 |
|
S&P 500 Index |
|
2,810.00 USD |
|
|
3/6/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(865 |
) |
|
|
(1,539 |
) |
|
|
674 |
|
S&P 500 Index |
|
2,400.00 USD |
|
|
3/20/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(435 |
) |
|
|
(5,468 |
) |
|
|
5,033 |
|
S&P 500 Index |
|
2,425.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(240 |
) |
|
|
(2,589 |
) |
|
|
2,349 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
3/20/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(525 |
) |
|
|
(5,238 |
) |
|
|
4,713 |
|
S&P 500 Index |
|
2,475.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(290 |
) |
|
|
(2,609 |
) |
|
|
2,319 |
|
S&P 500 Index |
|
2,830.00 USD |
|
|
3/20/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(5,100 |
) |
|
|
(6,442 |
) |
|
|
1,342 |
|
S&P 500 Index |
|
2,835.00 USD |
|
|
3/20/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(5,220 |
) |
|
|
(6,578 |
) |
|
|
1,358 |
|
S&P 500 Index |
|
2,840.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,330 |
) |
|
|
(1,619 |
) |
|
|
289 |
|
S&P 500 Index |
|
2,855.00 USD |
|
|
3/20/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(2,840 |
) |
|
|
(3,168 |
) |
|
|
328 |
|
S&P 500 Index |
|
2,860.00 USD |
|
|
3/20/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(2,910 |
) |
|
|
(3,270 |
) |
|
|
360 |
|
S&P 500 Index |
|
2,875.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,550 |
) |
|
|
(1,573 |
) |
|
|
23 |
|
S&P 500 Index |
|
2,885.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,620 |
) |
|
|
(1,589 |
) |
|
|
(31 |
) |
S&P 500 Index |
|
2,200.00 USD |
|
|
3/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(140 |
) |
|
|
(3,325 |
) |
|
|
3,185 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
3/31/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(450 |
) |
|
|
(5,588 |
) |
|
|
5,138 |
|
S&P 500 Index |
|
2,375.00 USD |
|
|
3/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(245 |
) |
|
|
(2,733 |
) |
|
|
2,488 |
|
S&P 500 Index |
|
2,425.00 USD |
|
|
4/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(425 |
) |
|
|
(2,727 |
) |
|
|
2,302 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
4/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(930 |
) |
|
|
(4,926 |
) |
|
|
3,996 |
|
S&P 500 Index |
|
2,475.00 USD |
|
|
4/17/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,030 |
) |
|
|
(4,745 |
) |
|
|
3,715 |
|
S&P 500 Index |
|
2,500.00 USD |
|
|
4/30/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,420 |
) |
|
|
(5,275 |
) |
|
|
3,855 |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
4/30/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(1,700 |
) |
|
|
(5,056 |
) |
|
|
3,356 |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
5/15/20 |
|
|
|
(3 |
) |
|
|
(300 |
) |
|
|
(3,180 |
) |
|
|
(8,069 |
) |
|
|
4,889 |
|
S&P 500 Index |
|
2,590.00 USD |
|
|
5/15/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,225 |
) |
|
|
(2,597 |
) |
|
|
1,372 |
|
S&P 500 Index |
|
2,525.00 USD |
|
|
5/29/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,155 |
) |
|
|
(2,828 |
) |
|
|
1,673 |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
5/29/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,260 |
) |
|
|
(2,617 |
) |
|
|
1,357 |
|
S&P 500 Index |
|
2,575.00 USD |
|
|
5/29/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,375 |
) |
|
|
(2,578 |
) |
|
|
1,203 |
|
S&P 500 Index |
|
2,600.00 USD |
|
|
5/29/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(2,990 |
) |
|
|
(5,315 |
) |
|
|
2,325 |
|
S&P 500 Index |
|
2,600.00 USD |
|
|
6/19/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,865 |
) |
|
|
(2,769 |
) |
|
|
904 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
6/19/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(4,390 |
) |
|
|
(5,157 |
) |
|
|
767 |
|
S&P 500 Index |
|
2,675.00 USD |
|
|
6/19/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(2,375 |
) |
|
|
(2,619 |
) |
|
|
244 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
6/30/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(2,400 |
) |
|
|
(2,749 |
) |
|
|
349 |
|
S&P 500 Index |
|
2,675.00 USD |
|
|
6/30/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(2,590 |
) |
|
|
(2,629 |
) |
|
|
39 |
|
S&P 500 Mini Index |
|
308.00 USD |
|
|
1/2/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(1 |
) |
|
|
(2,456 |
) |
|
|
2,455 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/2/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(29 |
) |
|
|
(1,129 |
) |
|
|
1,100 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/2/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(3,048 |
) |
|
|
(3,382 |
) |
|
|
334 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/3/20 |
|
|
|
(13 |
) |
|
|
(1,300 |
) |
|
|
(150 |
) |
|
|
(1,365 |
) |
|
|
1,215 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/3/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(2,799 |
) |
|
|
(3,419 |
) |
|
|
620 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/3/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(4,104 |
) |
|
|
(3,944 |
) |
|
|
(160 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/6/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(2,683 |
) |
|
|
(4,466 |
) |
|
|
1,783 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/8/20 |
|
|
|
(29 |
) |
|
|
(2,900 |
) |
|
|
(3,741 |
) |
|
|
(4,824 |
) |
|
|
1,083 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/10/20 |
|
|
|
(18 |
) |
|
|
(1,800 |
) |
|
|
(954 |
) |
|
|
(1,600 |
) |
|
|
646 |
|
S&P 500 Mini Index |
|
270.00 USD |
|
|
1/13/20 |
|
|
|
(11 |
) |
|
|
(1,100 |
) |
|
|
(44 |
) |
|
|
(871 |
) |
|
|
827 |
|
Schedule of Investments
AllianzGI PerformanceFee Structured US Equity Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/13/20 |
|
|
|
(15 |
) |
|
$ |
(1,500 |
) |
|
$ |
(1,050 |
) |
|
$ |
(1,646 |
) |
|
$ |
596 |
|
S&P 500 Mini Index |
|
317.00 USD |
|
|
1/15/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,130 |
) |
|
|
(1,533 |
) |
|
|
403 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/21/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(1,017 |
) |
|
|
(1,351 |
) |
|
|
334 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/22/20 |
|
|
|
(15 |
) |
|
|
(1,500 |
) |
|
|
(2,033 |
) |
|
|
(2,464 |
) |
|
|
431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total put options |
|
|
|
|
|
|
$ |
(253,407 |
) |
|
$ |
(661,162 |
) |
|
$ |
407,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options written contracts |
|
|
|
|
|
|
$ |
(573,940 |
) |
|
$ |
(818,961 |
) |
|
$ |
245,021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
At December 31, 2019, the Fund pledged $303,266 in cash as collateral for options written. |
Glossary:
CBOEChicago Board
Options Exchange
Schedule of Investments
AllianzGI PerformanceFee Structured US Fixed Income Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
EXCHANGE-TRADED FUNDS100.7% |
|
|
|
|
|
|
|
|
iShares Core U.S. Aggregate Bond (a) (cost$8,840,730) |
|
|
81,111 |
|
|
$ |
9,114,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements1.4% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $123,002; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $130,149 including accrued interest (cost$123,000) |
|
$ |
123 |
|
|
|
123,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Purchased0.0% (cost$397) (b)(c)(d) |
|
|
|
105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Value^ |
|
|
|
Total Investments, before options written (cost-$8,964,127)102.1% |
|
$ |
9,237,548 |
|
|
|
|
|
|
|
|
|
|
Total Options Written(0.2)% (premiums received$63,501) (b)(c)(d) |
|
|
(20,071 |
) |
|
|
|
|
|
|
|
|
|
Total Investments, net of options written (cost$8,900,626)101.9% |
|
|
9,217,477 |
|
|
|
|
|
|
|
|
|
|
Other liabilities in excess of other assets(1.9)% |
|
|
(172,370 |
) |
|
|
|
|
|
|
|
Net Assets100.0% |
|
$ |
9,045,107 |
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
All or partial amount segregated for the benefit of the counterparty as collateral for options written. |
(b) |
Non-income producing. |
(c) |
Exchange traded-Chicago Board Options Exchange.
|
(d) |
Exchange traded option contracts outstanding at December 31, 2019: |
Options purchased contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized (Depreciation) |
|
Put options: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S&P 500 Index |
|
2,000.00 USD |
|
|
1/3/20 |
|
|
|
15 |
|
|
$ |
1,500 |
|
|
$ |
37 |
|
|
$ |
159 |
|
|
$ |
(122 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/3/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
5 |
|
|
|
29 |
|
|
|
(24 |
) |
S&P 500 Index |
|
2,300.00 USD |
|
|
1/3/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
30 |
|
|
|
141 |
|
|
|
(111 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/8/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
3 |
|
|
|
11 |
|
|
|
(8 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/17/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
15 |
|
|
|
32 |
|
|
|
(17 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/24/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
15 |
|
|
|
25 |
|
|
|
(10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options purchased contracts |
|
|
|
|
|
|
$ |
105 |
|
|
$ |
397 |
|
|
$ |
(292 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options written contracts outstanding at December 31, 2019: |
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
Call options: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E-mini S&P 500 Index Flex |
|
230.00 USD |
|
|
5/15/20 |
|
|
|
(4 |
) |
|
$ |
(400 |
) |
|
$ |
(143 |
) |
|
$ |
(1,239 |
) |
|
$ |
1,096 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put options: |
|
E-mini S&P 500 Index |
|
240.00 USD |
|
|
1/31/20 |
|
|
|
(6 |
) |
|
$ |
(600 |
) |
|
$ |
(21 |
) |
|
$ |
(1,466 |
) |
|
$ |
1,445 |
|
E-mini S&P 500 Index |
|
235.00 USD |
|
|
3/20/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(111 |
) |
|
|
(1,807 |
) |
|
|
1,696 |
|
E-mini S&P 500 Index |
|
245.00 USD |
|
|
3/31/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(260 |
) |
|
|
(2,356 |
) |
|
|
2,096 |
|
E-mini S&P 500 Index Flex |
|
220.00 USD |
|
|
5/15/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(42 |
) |
|
|
(643 |
) |
|
|
601 |
|
E-mini S&P 500 Index Flex |
|
2,450.00 USD |
|
|
7/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,865 |
) |
|
|
(3,517 |
) |
|
|
1,652 |
|
S&P 500 Index |
|
2,805.00 USD |
|
|
2/21/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(525 |
) |
|
|
(1,446 |
) |
|
|
921 |
|
S&P 500 Index |
|
2,785.00 USD |
|
|
2/28/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(615 |
) |
|
|
(1,593 |
) |
|
|
978 |
|
S&P 500 Index |
|
2,810.00 USD |
|
|
3/6/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(865 |
) |
|
|
(1,539 |
) |
|
|
674 |
|
S&P 500 Index |
|
2,400.00 USD |
|
|
3/20/20 |
|
|
|
(2 |
) |
|
|
(200 |
) |
|
|
(435 |
) |
|
|
(5,468 |
) |
|
|
5,033 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(263 |
) |
|
|
(2,679 |
) |
|
|
2,416 |
|
S&P 500 Index |
|
2,830.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,275 |
) |
|
|
(1,591 |
) |
|
|
316 |
|
S&P 500 Index |
|
2,885.00 USD |
|
|
3/20/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,620 |
) |
|
|
(1,589 |
) |
|
|
(31 |
) |
S&P 500 Index |
|
2,450.00 USD |
|
|
4/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(465 |
) |
|
|
(2,528 |
) |
|
|
2,063 |
|
S&P 500 Index |
|
2,500.00 USD |
|
|
4/30/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(710 |
) |
|
|
(2,637 |
) |
|
|
1,927 |
|
S&P 500 Index |
|
2,300.00 USD |
|
|
5/15/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(440 |
) |
|
|
(3,332 |
) |
|
|
2,892 |
|
Schedule of Investments
AllianzGI PerformanceFee Structured US Fixed Income Fund
December 31, 2019 (unaudited)
(continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
5/15/20 |
|
|
|
(1 |
) |
|
$ |
(100 |
) |
|
$ |
(1,060 |
) |
|
$ |
(2,633 |
) |
|
$ |
1,573 |
|
S&P 500 Index |
|
2,250.00 USD |
|
|
5/29/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(445 |
) |
|
|
(3,517 |
) |
|
|
3,072 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
6/19/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(810 |
) |
|
|
(3,419 |
) |
|
|
2,609 |
|
S&P 500 Index |
|
2,275.00 USD |
|
|
6/30/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(700 |
) |
|
|
(3,429 |
) |
|
|
2,729 |
|
S&P 500 Index Flex |
|
2,350.00 USD |
|
|
7/17/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,232 |
) |
|
|
(3,245 |
) |
|
|
2,013 |
|
S&P 500 Index Flex |
|
2,400.00 USD |
|
|
7/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(1,613 |
) |
|
|
(3,438 |
) |
|
|
1,825 |
|
S&P 500 Mini Index |
|
2,475.00 USD |
|
|
8/21/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(2,346 |
) |
|
|
(3,467 |
) |
|
|
1,121 |
|
S&P 500 Mini Index |
|
265.00 USD |
|
|
2/21/20 |
|
|
|
(6 |
) |
|
|
(600 |
) |
|
|
(159 |
) |
|
|
(1,466 |
) |
|
|
1,307 |
|
S&P 500 Mini Index |
|
2,400.00 USD |
|
|
8/31/20 |
|
|
|
(1 |
) |
|
|
(100 |
) |
|
|
(2,051 |
) |
|
|
(3,457 |
) |
|
|
1,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total put options |
|
|
|
|
|
|
$ |
(19,928 |
) |
|
$ |
(62,262 |
) |
|
$ |
42,334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options written contracts |
|
|
|
|
|
|
$ |
(20,071 |
) |
|
$ |
(63,501 |
) |
|
$ |
43,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
At December 31, 2019, the Fund pledged $74,883 in cash as collateral for options written. |
Schedule of Investments
AllianzGI Preferred Securities and Income Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
CORPORATE BONDS & NOTES78.4% |
|
|
|
|
|
|
|
Banks45.3% |
|
|
|
|
|
Bank of America Corp., (converts to FRN on 10/22/29) (d),
|
|
|
|
|
|
|
|
|
2.884%, 10/22/30 |
|
$ |
805 |
|
|
$ |
814,293 |
|
Citigroup, Inc., Ser. U, (converts to FRN on 9/12/24) (c)(d),
|
|
|
|
|
|
|
|
|
5.00%, 9/12/24 |
|
|
415 |
|
|
|
434,972 |
|
Citizens Financial Group, Inc., Ser. B, (converts to FRN on 7/6/23) (c)(d),
|
|
|
|
|
|
|
|
|
6.00%, 7/6/23 |
|
|
320 |
|
|
|
338,886 |
|
Credit Suisse Group AG, (converts to FRN on 8/21/26) (a)(b)(c)(d),
|
|
|
|
|
|
|
|
|
6.375%, 8/21/26 |
|
|
620 |
|
|
|
669,910 |
|
Fifth Third Bancorp, (converts to FRN on 6/30/23) (c)(d),
|
|
|
|
|
|
|
|
|
5.10%, 6/30/23 |
|
|
270 |
|
|
|
278,173 |
|
First Maryland Capital II, 3 mo. LIBOR + 0.850% (d),
|
|
|
|
|
|
|
|
|
2.759%, 2/1/27 |
|
|
698 |
|
|
|
661,355 |
|
Huntington Bancshares, Inc., Ser. E, (converts to FRN on 4/15/23) (c)(d),
|
|
|
|
|
|
|
|
|
5.70%, 4/15/23 |
|
|
390 |
|
|
|
404,904 |
|
JPMorgan Chase & Co., 3 mo. LIBOR + 0.950% (d),
|
|
|
|
|
|
|
|
|
2.852%, 2/2/37 |
|
|
797 |
|
|
|
705,345 |
|
KeyCorp,
|
|
|
|
|
|
|
|
|
2.55%, 10/1/29 |
|
|
820 |
|
|
|
801,995 |
|
Lloyds Banking Group PLC, (converts to FRN on 9/27/25) (c)(d),
|
|
|
|
|
|
|
|
|
7.50%, 9/27/25 |
|
|
225 |
|
|
|
252,474 |
|
NTC Capital II, 3 mo. LIBOR + 0.590%, Ser. B (d),
|
|
|
|
|
|
|
|
|
2.591%, 4/15/27 |
|
|
230 |
|
|
|
217,350 |
|
PNC Financial Services Group, Inc., |
|
3.45%, 4/23/29 |
|
|
185 |
|
|
|
197,582 |
|
5.00%, 11/1/26, Ser. S (converts to FRN on 11/1/26) (c)(d) |
|
|
81 |
|
|
|
87,304 |
|
State Street Corp., 3 mo. LIBOR + 1.000% (d),
|
|
|
|
|
|
|
|
|
2.894%, 6/15/47 |
|
|
230 |
|
|
|
201,825 |
|
Truist Financial Corp. (c)(d), |
|
|
|
|
|
|
|
|
4.80%, 9/1/24, Ser. N (converts to FRN on 9/1/24) |
|
|
495 |
|
|
|
511,706 |
|
5.125%, 12/15/27, Ser. M (converts to FRN on 12/15/27) |
|
|
285 |
|
|
|
293,236 |
|
U.S. Bancorp, Ser. J, (converts to FRN on 4/15/27) (c)(d),
|
|
|
|
|
|
|
|
|
5.30%, 4/15/27 |
|
|
470 |
|
|
|
517,296 |
|
Wells Fargo & Co.,
|
|
|
|
|
|
|
|
|
4.90%, 11/17/45 |
|
|
560 |
|
|
|
684,596 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,073,202 |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services4.8% |
|
|
|
|
|
Discover Financial Services, Ser. C, (converts to FRN on 10/30/27) (c)(d),
|
|
|
|
|
|
|
|
|
5.50%, 10/30/27 |
|
|
810 |
|
|
|
854,161 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Electric Utilities2.9% |
|
|
|
|
|
Emera, Inc., Ser. 16-A, (converts to FRN on 6/15/26) (d),
|
|
|
|
|
|
|
|
|
6.75%, 6/15/76 |
|
$ |
460 |
|
|
$ |
523,382 |
|
|
|
|
|
|
|
|
|
|
|
|
Insurance16.1% |
|
|
|
|
|
Allstate Corp., (converts to FRN on 5/15/37) (d),
|
|
|
|
|
|
|
|
|
6.50%, 5/15/57 |
|
|
280 |
|
|
|
349,300 |
|
American International Group, Inc. (d), |
|
|
|
|
|
|
|
|
5.75%, 4/1/48, Ser. A-9 (converts to FRN on 4/1/28) |
|
|
260 |
|
|
|
286,006 |
|
8.175%, 5/15/58 (converts to FRN on 5/15/38) |
|
|
340 |
|
|
|
452,126 |
|
Lincoln National Corp., 3 mo. LIBOR + 2.358% (d),
|
|
|
|
|
|
|
|
|
4.262%, 5/17/66 |
|
|
670 |
|
|
|
595,944 |
|
MetLife, Inc., |
|
|
|
|
|
|
|
|
9.25%, 4/8/38 (a)(b) |
|
|
215 |
|
|
|
317,394 |
|
10.75%, 8/1/39 |
|
|
375 |
|
|
|
616,875 |
|
Progressive Corp., Ser. B, (converts to FRN on 3/15/23) (c)(d),
|
|
|
|
|
|
|
|
|
5.375%, 3/15/23 |
|
|
250 |
|
|
|
262,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,880,545 |
|
|
|
|
|
|
|
|
|
|
Media2.3% |
|
|
|
|
|
ViacomCBS, Inc., (converts to FRN on 2/28/27) (d),
|
|
|
|
|
|
|
|
|
6.25%, 2/28/57 |
|
|
370 |
|
|
|
410,987 |
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing2.8% |
|
|
|
|
|
General Electric Co., Ser. D, (converts to FRN on 1/21/21) (c)(d),
|
|
|
|
|
|
|
|
|
5.00%, 1/21/21 |
|
|
500 |
|
|
|
490,625 |
|
|
|
|
|
|
|
|
|
|
|
|
Pipelines2.8% |
|
|
|
|
|
Plains All American Pipeline L.P., Ser. B, (converts to FRN on 11/15/22) (c)(d),
|
|
|
|
|
|
|
|
|
6.125%, 11/15/22 |
|
|
361 |
|
|
|
337,181 |
|
Transcanada Trust, (converts to FRN on 9/15/29) (d),
|
|
|
|
|
|
|
|
|
5.50%, 9/15/79 |
|
|
161 |
|
|
|
169,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
506,986 |
|
|
|
|
|
|
|
|
|
|
Transportation1.4% |
|
|
|
|
|
BNSF Funding Trust I, (converts to FRN on 1/15/26) (d),
|
|
|
|
|
|
|
|
|
6.613%, 12/15/55 |
|
|
220 |
|
|
|
246,950 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$13,488,910) |
|
|
|
13,986,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
PREFERRED STOCK19.9% |
|
|
|
|
|
|
|
Banks6.8% |
|
|
|
|
|
Citigroup Capital XIII (d) |
|
|
|
|
|
|
|
|
8.31%, 10/30/40 |
|
|
15,130 |
|
|
|
420,614 |
|
JPMorgan Chase & Co., Ser. GG (c) |
|
|
4,290 |
|
|
|
110,468 |
|
Schedule of Investments
AllianzGI Preferred Securities and Income Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Northern Trust Corp., Ser. E (c) |
|
|
10,000 |
|
|
$ |
261,300 |
|
Regions Financial Corp., Ser. C (c)(d) |
|
|
|
|
|
|
|
|
5.70%, 5/15/29 |
|
|
15,018 |
|
|
|
418,852 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,211,234 |
|
|
|
|
|
|
|
|
|
|
Consumer Finance2.8% |
|
|
|
|
|
Capital One Financial Corp., Ser. I (c) |
|
|
5,725 |
|
|
|
143,640 |
|
Synchrony Financial, Ser. A (c) |
|
|
14,000 |
|
|
|
357,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
501,340 |
|
|
|
|
|
|
|
|
|
|
Insurance3.4% |
|
|
|
|
|
Athene Holding Ltd., Ser. A (c)(d) 6.35%, 6/30/29 |
|
|
21,873 |
|
|
|
617,912 |
|
|
|
|
|
|
|
|
|
|
|
|
Pipelines6.9% |
|
|
|
|
|
Energy Transfer Operating L.P., Ser. E (c)(d) |
|
|
|
|
|
|
|
|
7.60%, 5/15/24 |
|
|
48,630 |
|
|
|
1,231,312 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock (cost$3,479,898) |
|
|
|
3,561,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
|
|
Repurchase Agreements3.6% |
|
|
|
|
|
|
|
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $639,009; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $656,403 including accrued interest (cost$639,000) |
|
$ |
639 |
|
|
|
639,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$17,607,808)101.9% |
|
|
$ |
18,187,636 |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities in excess of other assets (e)(1.9)% |
|
|
|
(345,985 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
17,841,651 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $987,304,
representing 5.5% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $987,304, representing 5.5% of net assets. |
(c) |
Perpetual maturity. The date shown, if any, is the next call date. |
(d) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
(e) |
Includes net unrealized appreciation (depreciation) of other financial instruments as follows:
|
Futures contracts
outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type |
|
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000s) |
|
|
Market Value (000s) |
|
|
Unrealized Depreciation |
|
Long position contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5-Year U.S. Treasury Note |
|
|
3 |
|
|
|
3/31/20 |
|
|
$ |
300 |
|
|
$ |
356 |
|
|
$ |
(1,081 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(g) |
At December 31, 2019, the Fund pledged $10,447 in cash held as collateral for futures contracts and $183 in cash held as collateral for
swap contracts. There were no open swap contracts at December 31, 2019, however the Fund had cash as collateral for any transactions in the future. |
Glossary:
FRNFloating Rate Note
LIBORLondon Inter-Bank Offered Rate
Schedule of Investments
AllianzGI Short Duration High Income Fund
December 31, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
CORPORATE BONDS & NOTES82.5% |
|
|
|
|
|
|
|
Advertising1.2% |
|
|
|
|
|
Lamar Media Corp., |
|
|
|
|
|
|
|
|
5.00%, 5/1/23 |
|
$ |
17,003 |
|
|
$ |
17,342,890 |
|
Outfront Media Capital LLC, |
|
|
|
|
|
|
|
|
5.625%, 2/15/24 |
|
|
825 |
|
|
|
847,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,190,235 |
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense0.1% |
|
|
|
|
|
Triumph Group, Inc. (a)(c), |
|
|
|
|
|
|
|
|
6.25%, 9/15/24 |
|
|
1,550 |
|
|
|
1,632,669 |
|
|
|
|
|
|
|
|
|
|
|
|
Auto Manufacturers0.9% |
|
|
|
|
|
Allison Transmission, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.00%, 10/1/24 |
|
|
6,802 |
|
|
|
6,980,484 |
|
Ford Motor Credit Co. LLC, |
|
|
|
|
|
|
|
|
2.681%, 1/9/20 |
|
|
3,000 |
|
|
|
3,000,005 |
|
General Motors Financial Co., Inc., 3 mo. USD-LIBOR+ 0.930% (f), |
|
|
|
|
|
|
|
|
2.916%, 4/13/20 |
|
|
4,000 |
|
|
|
4,006,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,987,191 |
|
|
|
|
|
|
|
|
|
|
Banks1.6% |
|
|
|
|
|
CIT Group, Inc., |
|
|
|
|
|
|
|
|
5.00%, 8/15/22 |
|
|
14,522 |
|
|
|
15,429,523 |
|
Fifth Third Bancorp, |
|
|
|
|
|
|
|
|
4.30%, 1/16/24 |
|
|
8,291 |
|
|
|
8,897,139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,326,662 |
|
|
|
|
|
|
|
|
|
|
Biotechnology0.4% |
|
|
|
|
|
Amgen, Inc., |
|
|
|
|
|
|
|
|
4.10%, 6/15/21 |
|
|
6,260 |
|
|
|
6,428,105 |
|
|
|
|
|
|
|
|
|
|
|
|
Building Materials0.6% |
|
|
|
|
|
Builders FirstSource, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.625%, 9/1/24 |
|
|
3,000 |
|
|
|
3,126,255 |
|
Louisiana-Pacific Corp., |
|
|
|
|
|
|
|
|
4.875%, 9/15/24 |
|
|
6,186 |
|
|
|
6,412,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,539,065 |
|
|
|
|
|
|
|
|
|
|
Chemicals0.9% |
|
|
|
|
|
OCI NV (a)(c), |
|
|
|
|
|
|
|
|
5.25%, 11/1/24 |
|
|
8,050 |
|
|
|
8,392,125 |
|
6.625%, 4/15/23 |
|
|
5,285 |
|
|
|
5,528,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,920,235 |
|
|
|
|
|
|
|
|
|
|
Coal0.2% |
|
|
|
|
|
Cloud Peak Energy Resources LLC (d)(e), |
|
|
|
|
|
|
|
|
12.00%, 11/21/21 |
|
|
40,020 |
|
|
|
4 |
|
12.00%, 5/1/25 |
|
|
9,151 |
|
|
|
3,091,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,091,492 |
|
|
|
|
|
|
|
|
|
|
Commercial Services3.4% |
|
|
|
|
|
Nielsen Co. Luxembourg Sarl (a)(c), |
|
|
|
|
|
|
|
|
5.50%, 10/1/21 |
|
|
13,848 |
|
|
|
13,931,088 |
|
Prime Security Services Borrower LLC (a)(c), |
|
|
|
|
|
|
|
|
9.25%, 5/15/23 |
|
|
37,638 |
|
|
|
39,543,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,474,512 |
|
|
|
|
|
|
|
|
|
|
Computers3.3% |
|
|
|
|
|
Dell International LLC (a)(c), |
|
|
|
|
|
|
|
|
5.875%, 6/15/21 |
|
|
3,308 |
|
|
|
3,363,839 |
|
7.125%, 6/15/24 |
|
|
29,046 |
|
|
|
30,679,838 |
|
NCR Corp., |
|
|
|
|
|
|
|
|
5.00%, 7/15/22 |
|
|
6,990 |
|
|
|
7,073,006 |
|
6.375%, 12/15/23 |
|
|
9,150 |
|
|
|
9,397,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,514,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Containers & Packaging2.2% |
|
|
|
|
|
Berry Global, Inc., |
|
|
|
|
|
|
|
|
6.00%, 10/15/22 |
|
$
|
9,758 |
|
|
$
|
9,968,402 |
|
Crown Americas LLC, |
|
|
|
|
|
|
|
|
4.50%, 1/15/23 |
|
|
6,500 |
|
|
|
6,849,310 |
|
Reynolds Group Issuer, Inc., |
|
|
|
|
|
|
|
|
3 mo. LIBOR + 3.500%, 5.501%, 7/15/21 (a)(c)(f) |
|
|
6,000 |
|
|
|
6,021,000 |
|
5.75%, 10/15/20 |
|
|
11,775 |
|
|
|
11,804,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,642,807 |
|
|
|
|
|
|
|
|
|
|
Distribution/Wholesale3.9% |
|
|
|
|
|
KAR Auction Services, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.125%, 6/1/25 |
|
|
11,412 |
|
|
|
11,892,274 |
|
Wolverine Escrow LLC (a)(c), |
|
|
|
|
|
|
|
|
8.50%, 11/15/24 |
|
|
24,400 |
|
|
|
25,304,874 |
|
9.00%, 11/15/26 |
|
|
22,250 |
|
|
|
23,347,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,544,852 |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services7.3% |
|
|
|
|
|
Alliance Data Systems Corp. (a)(c), |
|
|
|
|
|
|
|
|
4.75%, 12/15/24 |
|
|
34,000 |
|
|
|
33,957,500 |
|
Ally Financial, Inc., |
|
|
|
|
|
|
|
|
8.00%, 3/15/20 |
|
|
17,996 |
|
|
|
18,195,756 |
|
Credit Acceptance Corp. (a)(c), |
|
|
|
|
|
|
|
|
5.125%, 12/31/24 |
|
|
3,200 |
|
|
|
3,331,072 |
|
Global Aircraft Leasing Co., Ltd., PIK 7.25% (a)(c), |
|
|
|
|
|
|
|
|
6.50%, 9/15/24 |
|
|
45,950 |
|
|
|
48,061,403 |
|
LPL Holdings, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.75%, 9/15/25 |
|
|
3,750 |
|
|
|
3,932,775 |
|
Park Aerospace Holdings Ltd. (a)(c), |
|
|
|
|
|
|
|
|
5.25%, 8/15/22 |
|
|
6,000 |
|
|
|
6,399,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,877,853 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities0.8% |
|
|
|
|
|
AES Corp., |
|
|
|
|
|
|
|
|
4.00%, 3/15/21 |
|
|
2,000 |
|
|
|
2,032,000 |
|
4.875%, 5/15/23 |
|
|
9,825 |
|
|
|
9,992,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,024,860 |
|
|
|
|
|
|
|
|
|
|
Electronics1.3% |
|
|
|
|
|
APX Group, Inc., |
|
|
|
|
|
|
|
|
7.875%, 12/1/22 |
|
|
6,125 |
|
|
|
6,193,866 |
|
8.50%, 11/1/24 (a)(c) |
|
|
13,900 |
|
|
|
14,357,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,551,385 |
|
|
|
|
|
|
|
|
|
|
Entertainment1.3% |
|
|
|
|
|
International Game Technology PLC (a)(c), |
|
|
|
|
|
|
|
|
6.25%, 2/15/22 |
|
|
18,803 |
|
|
|
19,870,634 |
|
|
|
|
|
|
|
|
|
|
|
|
Environmental Services0.6% |
|
|
|
|
|
Stericycle, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.375%, 7/15/24 |
|
|
9,035 |
|
|
|
9,505,588 |
|
|
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)0.8% |
|
|
|
|
|
ESH Hospitality, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.25%, 5/1/25 |
|
|
9,300 |
|
|
|
9,633,266 |
|
Starwood Property Trust, Inc., |
|
|
|
|
|
|
|
|
3.625%, 2/1/21 |
|
|
2,000 |
|
|
|
2,018,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,651,566 |
|
|
|
|
|
|
|
|
|
|
Food Service1.0% |
|
|
|
|
|
Aramark Services, Inc., |
|
|
|
|
|
|
|
|
5.00%, 4/1/25 (a)(c) |
|
|
4,586 |
|
|
|
4,792,324 |
|
5.125%, 1/15/24 |
|
|
10,577 |
|
|
|
10,876,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,668,495 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Short Duration High Income Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Hand/Machine Tools0.6% |
|
|
|
|
|
Colfax Corp. (a)(c), |
|
|
|
|
|
|
|
|
6.00%, 2/15/24 |
|
$
|
8,000 |
|
|
$
|
8,516,680 |
|
|
|
|
|
|
|
|
|
|
Healthcare-Products1.2% |
|
|
|
|
|
Fresenius U.S. Finance II, Inc. (a)(c), |
|
|
|
|
|
|
|
|
4.25%, 2/1/21 |
|
|
7,795 |
|
|
|
7,956,854 |
|
Hologic, Inc. (a)(c), |
|
|
|
|
|
|
|
|
4.375%, 10/15/25 |
|
|
10,970 |
|
|
|
11,349,397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,306,251 |
|
|
|
|
|
|
|
|
|
|
Home Builders1.6% |
|
|
|
|
|
CalAtlantic Group, Inc., |
|
|
|
|
|
|
|
|
6.625%, 5/1/20 |
|
|
3,000 |
|
|
|
3,022,500 |
|
Lennar Corp., |
|
|
|
|
|
|
|
|
4.75%, 4/1/21 |
|
|
5,483 |
|
|
|
5,616,347 |
|
MDC Holdings, Inc., |
|
|
|
|
|
|
|
|
5.625%, 2/1/20 |
|
|
1,500 |
|
|
|
1,507,500 |
|
TRI Pointe Group, Inc., |
|
|
|
|
|
|
|
|
4.875%, 7/1/21 |
|
|
13,599 |
|
|
|
13,978,412 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,124,759 |
|
|
|
|
|
|
|
|
|
|
Household Products/Wares0.1% |
|
|
|
|
|
Central Garden & Pet Co., |
|
|
|
|
|
|
|
|
6.125%, 11/15/23 |
|
|
925 |
|
|
|
957,759 |
|
|
|
|
|
|
|
|
|
|
|
|
Lodging2.5% |
|
|
|
|
|
Hilton Worldwide Finance LLC, |
|
|
|
|
|
|
|
|
4.625%, 4/1/25 |
|
|
2,000 |
|
|
|
2,060,830 |
|
Las Vegas Sands Corp., |
|
|
|
|
|
|
|
|
3.20%, 8/8/24 |
|
|
27,930 |
|
|
|
28,707,926 |
|
Wynn Las Vegas LLC (a)(c), |
|
|
|
|
|
|
|
|
5.50%, 3/1/25 |
|
|
8,000 |
|
|
|
8,589,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,358,676 |
|
|
|
|
|
|
|
|
|
|
Machinery-Diversified0.6% |
|
|
|
|
|
CNH Industrial Capital LLC, |
|
|
|
|
|
|
|
|
4.375%, 4/5/22 |
|
|
2,675 |
|
|
|
2,793,501 |
|
John Deere Capital Corp. (f), |
|
|
|
|
|
|
|
|
3 mo. USD-LIBOR + 0.240%, 2.127%, 3/12/21 |
|
|
2,000 |
|
|
|
2,001,733 |
|
3 mo. USD-LIBOR + 0.480%, 2.365%, 9/8/22 |
|
|
5,000 |
|
|
|
5,022,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,817,280 |
|
|
|
|
|
|
|
|
|
|
Media7.1% |
|
|
|
|
|
AMC Networks, Inc., |
|
|
|
|
|
|
|
|
4.75%, 12/15/22 |
|
|
10,264 |
|
|
|
10,372,080 |
|
5.00%, 4/1/24 |
|
|
34,350 |
|
|
|
35,122,875 |
|
CCO Holdings LLC, |
|
|
|
|
|
|
|
|
5.125%, 5/1/23 (a)(c) |
|
|
2,300 |
|
|
|
2,352,244 |
|
5.25%, 9/30/22 |
|
|
20,215 |
|
|
|
20,478,401 |
|
5.75%, 2/15/26 (a)(c) |
|
|
10,064 |
|
|
|
10,636,340 |
|
Clear Channel Worldwide Holdings, Inc. (a)(c), |
|
|
|
|
|
|
|
|
9.25%, 2/15/24 |
|
|
5,743 |
|
|
|
6,372,347 |
|
DISH DBS Corp., |
|
|
|
|
|
|
|
|
5.125%, 5/1/20 |
|
|
11,829 |
|
|
|
11,917,008 |
|
Quebecor Media, Inc., |
|
|
|
|
|
|
|
|
5.75%, 1/15/23 |
|
|
1,038 |
|
|
|
1,129,692 |
|
Sinclair Television Group, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.625%, 8/1/24 |
|
|
1,650 |
|
|
|
1,700,878 |
|
Univision Communications, Inc. (a)(c), |
|
|
|
|
|
|
|
|
6.75%, 9/15/22 |
|
|
10,434 |
|
|
|
10,619,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
110,701,715 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing2.1% |
|
|
|
|
|
General Electric Co., |
|
|
|
|
|
|
|
|
4.625%, 1/7/21 |
|
|
4,343 |
|
|
|
4,460,689 |
|
4.65%, 10/17/21 |
|
|
12,000 |
|
|
|
12,500,612 |
|
LSB Industries, Inc. (a)(c), |
|
|
|
|
|
|
|
|
9.625%, 5/1/23 |
|
|
15,100 |
|
|
|
15,549,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,511,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Oil, Gas & Consumable Fuels3.6% |
|
|
|
|
|
AmeriGas Partners L.P., |
|
|
|
|
|
|
|
|
5.50%, 5/20/25 |
|
$
|
29,500 |
|
|
$
|
31,933,455 |
|
5.625%, 5/20/24 |
|
|
5,760 |
|
|
|
6,235,142 |
|
Laredo Petroleum, Inc., |
|
|
|
|
|
|
|
|
5.625%, 1/15/22 |
|
|
4,362 |
|
|
|
4,243,406 |
|
Sunoco L.P., |
|
|
|
|
|
|
|
|
4.875%, 1/15/23 |
|
|
12,500 |
|
|
|
12,817,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,229,941 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals3.5% |
|
|
|
|
|
Bausch Health Cos., Inc. (a)(c), |
|
|
|
|
|
|
|
|
6.50%, 3/15/22 |
|
|
15,000 |
|
|
|
15,356,250 |
|
7.00%, 3/15/24 |
|
|
37,331 |
|
|
|
38,902,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,258,325 |
|
|
|
|
|
|
|
|
|
|
Pipelines3.9% |
|
|
|
|
|
Kinder Morgan Energy Partners L.P., |
|
|
|
|
|
|
|
|
6.50%, 4/1/20 |
|
|
2,825 |
|
|
|
2,857,460 |
|
Kinder Morgan, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.00%, 2/15/21 |
|
|
5,000 |
|
|
|
5,146,103 |
|
MPLX L.P. (a)(c), |
|
|
|
|
|
|
|
|
6.25%, 10/15/22 |
|
|
745 |
|
|
|
759,751 |
|
PBF Logistics L.P., |
|
|
|
|
|
|
|
|
6.875%, 5/15/23 |
|
|
11,412 |
|
|
|
11,782,776 |
|
Tallgrass Energy Partners L.P. (a)(c), |
|
|
|
|
|
|
|
|
4.75%, 10/1/23 |
|
|
6,000 |
|
|
|
5,999,940 |
|
Targa Resources Partners L.P., |
|
|
|
|
|
|
|
|
5.25%, 5/1/23 |
|
|
19,720 |
|
|
|
19,958,316 |
|
6.75%, 3/15/24 |
|
|
13,801 |
|
|
|
14,335,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,839,997 |
|
|
|
|
|
|
|
|
|
|
Real Estate6.0% |
|
|
|
|
|
Iron Mountain, Inc., |
|
|
|
|
|
|
|
|
6.00%, 8/15/23 |
|
|
5,968 |
|
|
|
6,107,263 |
|
Newmark Group, Inc., |
|
|
|
|
|
|
|
|
6.125%, 11/15/23 |
|
|
18,597 |
|
|
|
20,506,977 |
|
Realogy Group LLC (a)(c), |
|
|
|
|
|
|
|
|
4.875%, 6/1/23 |
|
|
14,550 |
|
|
|
14,331,750 |
|
5.25%, 12/1/21 |
|
|
33,635 |
|
|
|
34,047,029 |
|
SBA Communications Corp., |
|
|
|
|
|
|
|
|
4.875%, 7/15/22 |
|
|
18,167 |
|
|
|
18,426,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93,419,444 |
|
|
|
|
|
|
|
|
|
|
Retail9.3% |
|
|
|
|
|
1011778 BC ULC (a)(c), |
|
|
|
|
|
|
|
|
4.25%, 5/15/24 |
|
|
18,251 |
|
|
|
18,745,328 |
|
Beacon Roofing Supply, Inc. (a)(c), |
|
|
|
|
|
|
|
|
4.50%, 11/15/26 |
|
|
8,606 |
|
|
|
8,874,938 |
|
Dollar Tree, Inc., |
|
|
|
|
|
|
|
|
3.70%, 5/15/23 |
|
|
5,000 |
|
|
|
5,208,141 |
|
eG Global Finance PLC (a)(c), |
|
|
|
|
|
|
|
|
6.75%, 2/7/25 |
|
|
8,250 |
|
|
|
8,390,951 |
|
8.50%, 10/30/25 |
|
|
19,000 |
|
|
|
20,203,365 |
|
GameStop Corp. (a)(c), |
|
|
|
|
|
|
|
|
6.75%, 3/15/21 |
|
|
9,075 |
|
|
|
8,938,875 |
|
Group 1 Automotive, Inc. (a)(c), |
|
|
|
|
|
|
|
|
5.25%, 12/15/23 |
|
|
2,523 |
|
|
|
2,599,737 |
|
Group 1 Automotive, Inc., |
|
|
|
|
|
|
|
|
5.00%, 6/1/22 |
|
|
3,140 |
|
|
|
3,191,003 |
|
KGA Escrow LLC (a)(c), |
|
|
|
|
|
|
|
|
7.50%, 8/15/23 |
|
|
12,428 |
|
|
|
13,178,838 |
|
Party City Holdings, Inc. (a)(c), |
|
|
|
|
|
|
|
|
6.125%, 8/15/23 |
|
|
35,159 |
|
|
|
30,866,613 |
|
Penske Automotive Group, Inc., |
|
|
|
|
|
|
|
|
5.75%, 10/1/22 |
|
|
23,540 |
|
|
|
23,922,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
144,120,149 |
|
|
|
|
|
|
|
|
|
|
Telecommunications6.9% |
|
|
|
|
|
Connect Finco SARL (a)(c), |
|
|
|
|
|
|
|
|
6.75%, 10/1/26 |
|
|
34,550 |
|
|
|
36,838,937 |
|
Hughes Satellite Systems Corp., |
|
|
|
|
|
|
|
|
7.625%, 6/15/21 |
|
|
15,830 |
|
|
|
16,942,374 |
|
Schedule of Investments
AllianzGI Short Duration High Income Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Level 3 Financing, Inc., |
|
|
|
|
|
|
|
|
5.375%, 8/15/22 |
|
$
|
5,186 |
|
|
$
|
5,206,485 |
|
5.375%, 1/15/24 |
|
|
5,925 |
|
|
|
6,038,553 |
|
T-Mobile USA, Inc., |
|
|
|
|
|
|
|
|
6.00%, 3/1/23 |
|
|
3,000 |
|
|
|
3,060,255 |
|
6.50%, 1/15/24 |
|
|
38,047 |
|
|
|
39,236,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,322,953 |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation1.7% |
|
|
|
|
|
Fly Leasing Ltd., |
|
|
|
|
|
|
|
|
6.375%, 10/15/21 |
|
|
10,125 |
|
|
|
10,333,828 |
|
XPO Logistics, Inc. (a)(c), |
|
|
|
|
|
|
|
|
6.50%, 6/15/22 |
|
|
9,043 |
|
|
|
9,230,914 |
|
6.75%, 8/15/24 |
|
|
6,900 |
|
|
|
7,510,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,074,943 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$1,281,543,143) |
|
|
|
1,281,002,644 |
|
|
|
|
|
|
|
|
|
|
|
|
SENIOR LOANS (a)(b)7.2% |
|
|
|
|
|
|
|
Commercial Services & Supplies4.5% |
|
|
|
|
|
APX Group, Inc., 2018 Term Loan B |
|
|
|
|
|
|
|
|
6.844%, 4/1/24, 2 mo. LIBOR + 5.000% |
|
|
31,630 |
|
|
|
31,719,355 |
|
8.75%, 4/1/24, 3 mo. PRIME + 4.000% |
|
|
35 |
|
|
|
34,737 |
|
Asurion LLC, |
|
|
|
|
|
|
|
|
4.799%, 8/4/22, 1 mo. LIBOR + 3.000%, 2017 Term Loan B4 |
|
|
12,710 |
|
|
|
12,801,601 |
|
8.299%, 8/4/25, 1 mo. LIBOR + 6.500%, 2017 2nd Lien Term Loan |
|
|
26,000 |
|
|
|
26,380,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70,935,943 |
|
|
|
|
|
|
|
|
|
|
Electric Utilities0.2% |
|
|
|
|
|
Calpine Corp., |
|
|
|
|
|
3 mo. LIBOR + 2.250%, Term Loan B5, |
|
|
|
|
|
|
|
|
4.20%, 1/15/24 |
|
|
2,977 |
|
|
|
2,995,867 |
|
|
|
|
|
|
|
|
|
|
|
|
Retail0.2% |
|
|
|
|
|
Whatabrands LLC, |
|
|
|
|
|
3 mo. LIBOR + 3.250%, Term Loan B, 4.944%, 8/2/26 |
|
|
2,993 |
|
|
|
3,013,343 |
|
|
|
|
|
|
|
|
|
|
|
|
Specialty Retail2.3% |
|
|
|
|
|
PetSmart, Inc., |
|
|
|
|
|
1 mo. LIBOR + 4.000%, Consenting Term Loan, 5.74%, 3/11/22 |
|
|
35,628 |
|
|
|
35,317,572 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Senior Loans (cost$111,130,896) |
|
|
|
112,262,725 |
|
|
|
|
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITY0.1% |
|
|
|
|
|
Navajo Transitional Energy (d)(e), |
|
|
|
|
|
9.00%, 10/24/24 (cost$14,517,084) |
|
|
6,101 |
|
|
|
2,060,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements9.2% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $142,148,974; collateralized by U.S. Treasury
Bonds, 2.875%, due 8/15/45, valued at $144,995,349 including accrued interest (cost$142,147,000) |
|
$
|
142,147 |
|
|
$
|
142,147,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$1,549,338,123)99.0% |
|
|
|
1,537,473,361 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities1.0% |
|
|
|
15,415,280 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
1,552,888,641 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of
$809,413,696, representing 52.1% of net assets. |
(b) |
These securities generally pay interest at rates which are periodically pre-determined by reference to
a base lending rate plus a premium. These base lending rates are generally either the lending rate offered by one or more major European banks, such as the LIBOR or the prime rate offered by one or more major United States banks, or the
certificate of deposit rate. These securities are generally considered to be restricted as the Fund is ordinarily contractually obligated to receive approval from the Agent bank and/or borrower prior to disposition. Remaining maturities of senior
loans may be less than the stated maturities shown as a result of contractual or optional payments by the borrower. Such prepayments cannot be predicted with certainty. The interest rate disclosed reflects the rate in effect on December 31,
2019. |
(c) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $697,150,971, representing 44.9% of net assets. |
(d) |
Fair-ValuedSecurities with an aggregate value of $5,152,484, representing 0.3% of net assets. |
(f) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
Glossary:
LIBORLondon Inter-Bank Offered Rate
PIKPayment-in-Kind
Schedule of Investments
AllianzGI Short Term Bond Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
CORPORATE BONDS & NOTES78.6% |
|
|
|
|
Aerospace & Defense1.6% |
|
|
|
|
|
|
|
|
Raytheon Co., |
|
|
|
|
|
|
|
|
3.125%, 10/15/20 |
|
$ |
100 |
|
|
$ |
101,087 |
|
Triumph Group, Inc. (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 9/15/24 |
|
|
100 |
|
|
|
105,334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
206,421 |
|
|
|
|
|
|
|
|
|
|
Banks15.4% |
|
|
|
|
|
Bank of America Corp., |
|
|
|
|
|
|
|
|
5.70%, 1/24/22 |
|
|
447 |
|
|
|
479,758 |
|
Barclays Bank PLC, 3 mo. USD-LIBOR + 0.460% (c), |
|
|
|
|
|
|
|
|
2.444%, 1/11/21 |
|
|
100 |
|
|
|
100,125 |
|
Citigroup, Inc., |
|
|
|
|
|
|
|
|
4.50%, 1/14/22 |
|
|
200 |
|
|
|
209,646 |
|
Fifth Third Bancorp, |
|
|
|
|
|
|
|
|
4.30%, 1/16/24 |
|
|
100 |
|
|
|
107,311 |
|
Goldman Sachs Group, Inc., |
|
|
|
|
|
|
|
|
5.25%, 7/27/21 |
|
|
300 |
|
|
|
315,038 |
|
JPMorgan Chase & Co., |
|
|
|
|
|
|
|
|
4.625%, 5/10/21 |
|
|
300 |
|
|
|
310,911 |
|
Morgan Stanley, |
|
|
|
|
|
|
|
|
5.50%, 7/28/21 |
|
|
300 |
|
|
|
316,085 |
|
PNC Financial Services Group, Inc., |
|
|
|
|
|
|
|
|
3.50%, 1/23/24 |
|
|
200 |
|
|
|
210,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,049,623 |
|
|
|
|
|
|
|
|
|
|
Biotechnology1.5% |
|
|
|
|
|
Amgen, Inc., |
|
|
|
|
|
|
|
|
4.10%, 6/15/21 |
|
|
200 |
|
|
|
205,371 |
|
Chemicals3.9% |
|
|
|
|
|
CVR Partners L.P. (a)(b), |
|
|
|
|
|
|
|
|
9.25%, 6/15/23 |
|
|
100 |
|
|
|
104,667 |
|
Dow Chemical Co., |
|
|
|
|
|
|
|
|
3.15%, 5/15/24 |
|
|
200 |
|
|
|
206,461 |
|
OCI NV (a)(b), |
|
|
|
|
|
|
|
|
5.25%, 11/1/24 |
|
|
200 |
|
|
|
208,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
519,628 |
|
|
|
|
|
|
|
|
|
|
Commercial Services1.5% |
|
|
|
|
|
Prime Security Services Borrower LLC (a)(b), |
|
|
|
|
|
|
|
|
9.25%, 5/15/23 |
|
|
188 |
|
|
|
197,518 |
|
|
|
|
|
|
|
|
|
|
|
|
Computers3.1% |
|
|
|
|
|
Dell International LLC (a)(b), |
|
|
|
|
|
|
|
|
7.125%, 6/15/24 |
|
|
300 |
|
|
|
316,875 |
|
NCR Corp., |
|
|
|
|
|
|
|
|
6.375%, 12/15/23 |
|
|
100 |
|
|
|
102,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
419,583 |
|
|
|
|
|
|
|
|
|
|
Containers & Packaging1.3% |
|
|
|
|
|
Crown Americas LLC, |
|
|
|
|
|
|
|
|
4.50%, 1/15/23 |
|
|
75 |
|
|
|
79,031 |
|
Reynolds Group Issuer, Inc., 3 mo. LIBOR + 3.500% (a)(b)(c), |
|
|
|
|
|
|
|
|
5.501%, 7/15/21 |
|
|
100 |
|
|
|
100,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
179,381 |
|
|
|
|
|
|
|
|
|
|
Distribution/Wholesale1.6% |
|
|
|
|
|
Wolverine Escrow LLC (a)(b), |
|
|
|
|
|
|
|
|
8.50%, 11/15/24 |
|
|
200 |
|
|
|
207,417 |
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services5.8% |
|
|
|
|
|
AerCap Ireland Capital DAC, |
|
|
|
|
|
|
|
|
4.50%, 5/15/21 |
|
|
245 |
|
|
|
253,131 |
|
American Express Co., |
|
|
|
|
|
|
|
|
3.70%, 11/5/21 |
|
|
200 |
|
|
|
206,080 |
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
|
Capital One Financial Corp., |
|
|
|
|
|
|
|
|
4.75%, 7/15/21 |
|
$
|
130 |
|
|
$
|
135,368 |
|
Global Aircraft Leasing Co., Ltd., PIK 7.25% (a)(b), |
|
|
|
|
|
|
|
|
6.50%, 9/15/24 |
|
|
100 |
|
|
|
104,595 |
|
Park Aerospace Holdings Ltd. (a)(b), |
|
|
|
|
|
|
|
|
5.25%, 8/15/22 |
|
|
75 |
|
|
|
79,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
779,166 |
|
|
|
|
|
|
|
|
|
|
Electronics1.5% |
|
|
|
|
|
APX Group, Inc., |
|
|
|
|
|
|
|
|
7.875%, 12/1/22 |
|
|
100 |
|
|
|
101,124 |
|
8.50%, 11/1/24 (a)(b) |
|
|
100 |
|
|
|
103,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
204,416 |
|
|
|
|
|
|
|
|
|
|
Entertainment0.8% |
|
|
|
|
|
International Game Technology PLC (a)(b), |
|
|
|
|
|
|
|
|
6.25%, 2/15/22 |
|
|
100 |
|
|
|
105,678 |
|
|
|
|
|
|
|
|
|
|
|
|
Environmental Services1.5% |
|
|
|
|
|
Waste Management, Inc., |
|
|
|
|
|
|
|
|
4.75%, 6/30/20 |
|
|
200 |
|
|
|
202,929 |
|
|
|
|
|
|
|
|
|
|
|
Equity Real Estate Investment Trusts (REITs)3.1% |
|
American Tower Corp., |
|
|
|
|
|
|
|
|
3.375%, 5/15/24 |
|
|
100 |
|
|
|
103,830 |
|
CC Holdings GS V LLC, |
|
|
|
|
|
|
|
|
3.849%, 4/15/23 |
|
|
100 |
|
|
|
104,802 |
|
ERP Operating L.P., |
|
|
|
|
|
|
|
|
4.625%, 12/15/21 |
|
|
200 |
|
|
|
208,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
417,631 |
|
|
|
|
|
|
|
|
|
|
Food & Beverage1.0% |
|
|
|
|
|
Hershey Co., |
|
|
|
|
|
|
|
|
4.125%, 12/1/20 |
|
|
125 |
|
|
|
127,619 |
|
|
|
|
|
|
|
|
|
|
|
|
Hand/Machine Tools0.8% |
|
|
|
|
|
Colfax Corp. (a)(b), |
|
|
|
|
|
|
|
|
6.00%, 2/15/24 |
|
|
100 |
|
|
|
106,459 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare-Products2.3% |
|
|
|
|
|
DH Europe Finance II Sarl, |
|
|
|
|
|
|
|
|
2.05%, 11/15/22 |
|
|
100 |
|
|
|
100,204 |
|
Fresenius U.S. Finance II, Inc. (a)(b), |
|
|
|
|
|
|
|
|
4.50%, 1/15/23 |
|
|
150 |
|
|
|
157,127 |
|
Medtronic, Inc., |
|
|
|
|
|
|
|
|
3.15%, 3/15/22 |
|
|
50 |
|
|
|
51,397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
308,728 |
|
|
|
|
|
|
|
|
|
|
Insurance3.2% |
|
|
|
|
|
Marsh & McLennan Cos., Inc., |
|
|
|
|
|
|
|
|
4.05%, 10/15/23 |
|
|
200 |
|
|
|
212,265 |
|
Prudential Financial, Inc., |
|
|
|
|
|
|
|
|
4.50%, 11/16/21 |
|
|
200 |
|
|
|
209,969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
422,234 |
|
|
|
|
|
|
|
|
|
|
Lodging5.6% |
|
|
|
|
|
Choice Hotels International, Inc., |
|
|
|
|
|
|
|
|
5.75%, 7/1/22 |
|
|
211 |
|
|
|
227,750 |
|
Las Vegas Sands Corp., |
|
|
|
|
|
|
|
|
3.20%, 8/8/24 |
|
|
200 |
|
|
|
205,571 |
|
Marriott International, Inc., |
|
|
|
|
|
|
|
|
2.125%, 10/3/22 |
|
|
100 |
|
|
|
100,121 |
|
3.60%, 4/15/24 |
|
|
200 |
|
|
|
210,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
743,618 |
|
|
|
|
|
|
|
|
|
|
Machinery-Construction & Mining1.5% |
|
|
|
|
|
Caterpillar Financial Services Corp., 3 mo. USD-LIBOR + 0.350 (c), |
|
|
|
|
|
|
|
|
2.235%, 12/7/20 |
|
|
200 |
|
|
|
200,382 |
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Short Term Bond Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
|
Media2.3% |
|
|
|
|
|
CCO Holdings LLC (a)(b), |
|
|
|
|
|
|
|
|
5.125%, 5/1/23 |
|
$
|
100 |
|
|
$
|
102,272 |
|
Cox Communications, Inc. (a)(b), |
|
|
|
|
|
|
|
|
3.25%, 12/15/22 |
|
|
200 |
|
|
|
205,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
308,024 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing2.1% |
|
|
|
|
|
General Electric Co., |
|
|
|
|
|
|
|
|
4.625%, 1/7/21 |
|
|
68 |
|
|
|
69,843 |
|
4.65%, 10/17/21 |
|
|
200 |
|
|
|
208,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
278,186 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels1.5% |
|
|
|
|
|
Occidental Petroleum Corp., |
|
|
|
|
|
|
|
|
4.10%, 2/1/21 |
|
|
200 |
|
|
|
203,298 |
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals2.3% |
|
|
|
|
|
Bausch Health Cos., Inc. (a)(b), |
|
|
|
|
|
|
|
|
7.00%, 3/15/24 |
|
|
100 |
|
|
|
104,208 |
|
Pfizer, Inc., |
|
|
|
|
|
|
|
|
3.00%, 9/15/21 |
|
|
200 |
|
|
|
204,154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
308,362 |
|
|
|
|
|
|
|
|
|
|
Pipelines4.6% |
|
|
|
|
|
Kinder Morgan Energy Partners L.P., |
|
|
|
|
|
|
|
|
6.50%, 4/1/20 |
|
|
300 |
|
|
|
303,447 |
|
Sabine Pass Liquefaction LLC, |
|
|
|
|
|
|
|
|
5.625%, 2/1/21 |
|
|
300 |
|
|
|
308,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
611,914 |
|
|
|
|
|
|
|
|
|
|
Real Estate1.2% |
|
|
|
|
|
Newmark Group, Inc., |
|
|
|
|
|
|
|
|
6.125%, 11/15/23 |
|
|
100 |
|
|
|
110,270 |
|
Realogy Group LLC (a)(b), |
|
|
|
|
|
|
|
|
4.875%, 6/1/23 |
|
|
50 |
|
|
|
49,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
159,520 |
|
|
|
|
|
|
|
|
|
|
Retail3.5% |
|
|
|
|
|
Dollar Tree, Inc., |
|
|
|
|
|
|
|
|
3.70%, 5/15/23 |
|
|
150 |
|
|
|
156,244 |
|
eG Global Finance PLC (a)(b), |
|
|
|
|
|
|
|
|
8.50%, 10/30/25 |
|
|
200 |
|
|
|
212,667 |
|
GameStop Corp. (a)(b), |
|
|
|
|
|
|
|
|
6.75%, 3/15/21 |
|
|
100 |
|
|
|
98,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
467,411 |
|
|
|
|
|
|
|
|
|
|
Technology Hardware, Storage & Peripherals1.5% |
|
|
|
|
|
Apple, Inc., 3 mo. USD-LIBOR + 0.500% (c), |
|
|
|
|
|
|
|
|
2.401%, 2/9/22 |
|
|
200 |
|
|
|
201,669 |
|
|
|
|
|
|
|
|
|
|
|
|
Telecommunications1.1% |
|
|
|
|
|
Sprint Spectrum Co. LLC (a)(b), |
|
|
|
|
|
|
|
|
3.36%, 9/20/21 |
|
|
44 |
|
|
|
44,178 |
|
T-Mobile USA, Inc., |
|
|
|
|
|
|
|
|
6.00%, 3/1/23 |
|
|
100 |
|
|
|
102,009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
146,187 |
|
|
|
|
|
|
|
|
|
|
Transportation1.5% |
|
|
|
|
|
Burlington Northern Santa Fe LLC, |
|
|
|
|
|
|
|
|
4.10%, 6/1/21 |
|
|
200 |
|
|
|
205,164 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds & Notes (cost$10,307,466) |
|
|
|
10,493,537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
U.S. TREASURY OBLIGATIONS12.4% |
|
|
|
|
U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
2.00%, 1/31/20 |
|
$
|
200 |
|
|
$
|
200,094 |
|
2.25%, 3/31/20 |
|
|
200 |
|
|
|
200,297 |
|
2.50%, 5/31/20 |
|
|
200 |
|
|
|
200,703 |
|
2.50%, 6/30/20 |
|
|
200 |
|
|
|
200,859 |
|
2.625%, 7/31/20 |
|
|
200 |
|
|
|
201,156 |
|
2.625%, 8/15/20 |
|
|
200 |
|
|
|
201,234 |
|
3.125%, 5/15/21 |
|
|
100 |
|
|
|
102,055 |
|
3.50%, 5/15/20 |
|
|
150 |
|
|
|
151,031 |
|
3.625%, 2/15/20 |
|
|
200 |
|
|
|
200,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations (cost$1,654,068) |
|
|
|
1,657,929 |
|
|
|
|
|
|
|
|
|
|
|
U.S. GOVERNMENT AGENCY SECURITIES5.1% |
|
|
|
|
Federal Home Loan Banks, |
|
|
|
|
|
|
|
|
2.875%, 9/11/20 |
|
|
100 |
|
|
|
100,839 |
|
3.00%, 9/10/21 |
|
|
100 |
|
|
|
102,263 |
|
3.125%, 9/9/22 |
|
|
100 |
|
|
|
103,866 |
|
5.00%, 12/10/21 |
|
|
250 |
|
|
|
266,038 |
|
Federal Home Loan Mortgage Corp., |
|
|
|
|
|
|
|
|
2.50%, 4/23/20 |
|
|
100 |
|
|
|
100,248 |
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency Securities (cost$667,093) |
|
|
|
673,254 |
|
|
|
|
|
|
|
|
Repurchase Agreements2.9% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $388,005; collateralized by U.S. Treasury Bonds,
2.50%, due 2/15/46, valued at $400,139 including accrued interest (cost$388,000) |
|
|
388 |
|
|
|
388,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$13,016,627)99.0% |
|
|
|
13,212,720 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities1.0% |
|
|
|
130,099 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
13,342,819 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
Private PlacementRestricted as to resale and may not have a readily available market. Securities with an aggregate value of $2,714,631,
representing 20.3% of net assets. |
(b) |
144AExempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from
registration, typically only to qualified institutional buyers. Securities with an aggregate value of $2,714,631, representing 20.3% of net assets. |
(c) |
Variable or Floating Rate SecuritySecurities with an interest rate that changes periodically. The interest rate disclosed reflects the
rate in effect on December 31, 2019. |
Glossary:
LIBORLondon Inter-Bank Offered Rate
PIKPayment-in-Kind
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
EXCHANGE-TRADED FUNDS89.5% |
|
|
|
|
iShares Core S&P 500 (a) (cost$456,378,553) |
|
|
1,700,000 |
|
|
$ |
549,508,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements21.4% |
|
|
|
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $131,460,826; collateralized by U.S. Treasury
Bonds, 2.50%, due 2/15/46, valued at $134,093,324 including accrued interest (cost$131,459,000) |
|
$ |
131,459 |
|
|
|
131,459,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Purchased1.0% (cost$4,784,222) (b)(c)(d) |
|
|
|
6,322,959 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments, before options written (cost$592,621,775)111.9% |
|
|
|
687,289,959 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Written(12.0)% (premiums received$57,606,496) (b)(c)(d) |
|
|
|
(73,586,442 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total Investments, net of options written (cost$535,015,279)99.9% |
|
|
|
613,703,517 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less other liabilities0.1% |
|
|
|
740,314 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
614,443,831 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
All or partial amount segregated for the benefit of the counterparty as collateral for options written. |
(b) |
Non-income producing. |
(c) |
Exchange traded-Chicago Board Options Exchange.
|
(d) |
Exchange traded option contracts outstanding at December 31, 2019: |
Options purchased contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
Call options: |
|
E-mini S&P 500 Index |
|
309.00 USD |
|
|
1/3/20 |
|
|
|
108 |
|
|
$ |
10,800 |
|
|
$ |
152,820 |
|
|
$ |
25,120 |
|
|
$ |
127,700 |
|
E-mini S&P 500 Index |
|
313.00 USD |
|
|
1/3/20 |
|
|
|
51 |
|
|
|
5,100 |
|
|
|
56,992 |
|
|
|
20,685 |
|
|
|
36,307 |
|
E-mini S&P 500 Index |
|
314.00 USD |
|
|
1/3/20 |
|
|
|
59 |
|
|
|
5,900 |
|
|
|
54,988 |
|
|
|
16,732 |
|
|
|
38,256 |
|
E-mini S&P 500 Index |
|
315.00 USD |
|
|
1/3/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
90,990 |
|
|
|
19,720 |
|
|
|
71,270 |
|
E-mini S&P 500 Index |
|
335.00 USD |
|
|
1/3/20 |
|
|
|
597 |
|
|
|
59,700 |
|
|
|
597 |
|
|
|
8,113 |
|
|
|
(7,516 |
) |
E-mini S&P 500 Index |
|
340.00 USD |
|
|
1/3/20 |
|
|
|
432 |
|
|
|
43,200 |
|
|
|
216 |
|
|
|
1,982 |
|
|
|
(1,766 |
) |
E-mini S&P 500 Index |
|
350.00 USD |
|
|
1/3/20 |
|
|
|
990 |
|
|
|
99,000 |
|
|
|
495 |
|
|
|
2,683 |
|
|
|
(2,188 |
) |
E-mini S&P 500 Index |
|
310.00 USD |
|
|
1/6/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
143,100 |
|
|
|
16,372 |
|
|
|
126,728 |
|
E-mini S&P 500 Index |
|
319.00 USD |
|
|
1/6/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
60,648 |
|
|
|
13,891 |
|
|
|
46,757 |
|
E-mini S&P 500 Index |
|
340.00 USD |
|
|
1/6/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
1,233 |
|
|
|
(1,017 |
) |
E-mini S&P 500 Index |
|
350.00 USD |
|
|
1/6/20 |
|
|
|
1,587 |
|
|
|
158,700 |
|
|
|
1,587 |
|
|
|
6,645 |
|
|
|
(5,058 |
) |
E-mini S&P 500 Index |
|
313.00 USD |
|
|
1/10/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
114,318 |
|
|
|
28,390 |
|
|
|
85,928 |
|
E-mini S&P 500 Index |
|
319.00 USD |
|
|
1/10/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
61,902 |
|
|
|
16,494 |
|
|
|
45,408 |
|
E-mini S&P 500 Index |
|
350.00 USD |
|
|
1/10/20 |
|
|
|
1,803 |
|
|
|
180,300 |
|
|
|
1,803 |
|
|
|
7,224 |
|
|
|
(5,421 |
) |
E-mini S&P 500 Index |
|
312.00 USD |
|
|
1/17/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
129,978 |
|
|
|
23,824 |
|
|
|
106,154 |
|
E-mini S&P 500 Index |
|
355.00 USD |
|
|
1/17/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
1,114 |
|
|
|
(898 |
) |
E-mini S&P 500 Index |
|
360.00 USD |
|
|
1/17/20 |
|
|
|
737 |
|
|
|
73,700 |
|
|
|
369 |
|
|
|
1,949 |
|
|
|
(1,580 |
) |
E-mini S&P 500 Index |
|
316.00 USD |
|
|
1/24/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
99,846 |
|
|
|
28,500 |
|
|
|
71,346 |
|
E-mini S&P 500 Index |
|
322.00 USD |
|
|
1/24/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
51,528 |
|
|
|
18,136 |
|
|
|
33,392 |
|
E-mini S&P 500 Index |
|
319.00 USD |
|
|
1/31/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
80,136 |
|
|
|
29,283 |
|
|
|
50,853 |
|
E-mini S&P 500 Index |
|
323.00 USD |
|
|
2/21/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
67,944 |
|
|
|
24,919 |
|
|
|
43,025 |
|
E-mini S&P 500 Index |
|
360.00 USD |
|
|
2/21/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
456 |
|
|
|
976 |
|
|
|
(520 |
) |
E-mini S&P 500 Index Flex |
|
307.00 USD |
|
|
1/2/20 |
|
|
|
62 |
|
|
|
6,200 |
|
|
|
98,807 |
|
|
|
25,828 |
|
|
|
72,979 |
|
E-mini S&P 500 Index Flex |
|
316.00 USD |
|
|
1/2/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
75,397 |
|
|
|
12,592 |
|
|
|
62,805 |
|
E-mini S&P 500 Index Flex |
|
325.00 USD |
|
|
1/2/20 |
|
|
|
761 |
|
|
|
76,100 |
|
|
|
19,394 |
|
|
|
35,839 |
|
|
|
(16,445 |
) |
E-mini S&P 500 Index Flex |
|
360.00 USD |
|
|
1/2/20 |
|
|
|
557 |
|
|
|
55,700 |
|
|
|
|
|
|
|
1,442 |
|
|
|
(1,442 |
) |
E-mini S&P 500 Index Flex |
|
319.00 USD |
|
|
1/29/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
76,236 |
|
|
|
24,106 |
|
|
|
52,130 |
|
E-mini S&P 500 Index Flex |
|
365.00 USD |
|
|
1/29/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
111 |
|
|
|
559 |
|
|
|
(448 |
) |
E-mini S&P 500 Index Flex |
|
365.00 USD |
|
|
1/31/20 |
|
|
|
657 |
|
|
|
65,700 |
|
|
|
463 |
|
|
|
1,482 |
|
|
|
(1,019 |
) |
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
3,600.00 USD |
|
|
1/10/20 |
|
|
|
215 |
|
|
$
|
21,500 |
|
|
$
|
538 |
|
|
$
|
1,828 |
|
|
$
|
(1,290 |
) |
S&P 500 Index |
|
3,600.00 USD |
|
|
1/17/20 |
|
|
|
215 |
|
|
|
21,500 |
|
|
|
1,075 |
|
|
|
2,815 |
|
|
|
(1,740 |
) |
S&P 500 Index |
|
3,550.00 USD |
|
|
1/24/20 |
|
|
|
215 |
|
|
|
21,500 |
|
|
|
1,075 |
|
|
|
3,460 |
|
|
|
(2,385 |
) |
S&P 500 Index |
|
3,550.00 USD |
|
|
1/31/20 |
|
|
|
215 |
|
|
|
21,500 |
|
|
|
1,613 |
|
|
|
4,890 |
|
|
|
(3,277 |
) |
S&P 500 Index |
|
3,600.00 USD |
|
|
2/7/20 |
|
|
|
210 |
|
|
|
21,000 |
|
|
|
1,575 |
|
|
|
2,256 |
|
|
|
(681 |
) |
S&P 500 Index |
|
3,600.00 USD |
|
|
2/14/20 |
|
|
|
210 |
|
|
|
21,000 |
|
|
|
3,150 |
|
|
|
6,876 |
|
|
|
(3,726 |
) |
S&P 500 Index |
|
3,650.00 USD |
|
|
2/21/20 |
|
|
|
200 |
|
|
|
20,000 |
|
|
|
1,500 |
|
|
|
5,146 |
|
|
|
(3,646 |
) |
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/2/20 |
|
|
|
51 |
|
|
|
5,100 |
|
|
|
55,864 |
|
|
|
19,568 |
|
|
|
36,296 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/2/20 |
|
|
|
59 |
|
|
|
5,900 |
|
|
|
47,053 |
|
|
|
15,425 |
|
|
|
31,628 |
|
S&P 500 Mini Index |
|
330.00 USD |
|
|
1/2/20 |
|
|
|
462 |
|
|
|
46,200 |
|
|
|
128 |
|
|
|
2,719 |
|
|
|
(2,591 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/2/20 |
|
|
|
990 |
|
|
|
99,000 |
|
|
|
|
|
|
|
2,529 |
|
|
|
(2,529 |
) |
S&P 500 Mini Index |
|
325.00 USD |
|
|
1/3/20 |
|
|
|
1,402 |
|
|
|
140,200 |
|
|
|
63,090 |
|
|
|
72,666 |
|
|
|
(9,576 |
) |
S&P 500 Mini Index |
|
3,450.00 USD |
|
|
1/3/20 |
|
|
|
220 |
|
|
|
22,000 |
|
|
|
550 |
|
|
|
10,250 |
|
|
|
(9,700 |
) |
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/6/20 |
|
|
|
194 |
|
|
|
19,400 |
|
|
|
60,625 |
|
|
|
56,084 |
|
|
|
4,541 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/8/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
102,060 |
|
|
|
21,016 |
|
|
|
81,044 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/8/20 |
|
|
|
35 |
|
|
|
3,500 |
|
|
|
30,170 |
|
|
|
14,038 |
|
|
|
16,132 |
|
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/8/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
58,596 |
|
|
|
18,109 |
|
|
|
40,487 |
|
S&P 500 Mini Index |
|
340.00 USD |
|
|
1/8/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
1,423 |
|
|
|
(1,207 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/8/20 |
|
|
|
1,056 |
|
|
|
105,600 |
|
|
|
1,056 |
|
|
|
2,823 |
|
|
|
(1,767 |
) |
S&P 500 Mini Index |
|
326.00 USD |
|
|
1/10/20 |
|
|
|
444 |
|
|
|
44,400 |
|
|
|
40,626 |
|
|
|
48,882 |
|
|
|
(8,256 |
) |
S&P 500 Mini Index |
|
312.00 USD |
|
|
1/13/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
126,684 |
|
|
|
29,236 |
|
|
|
97,448 |
|
S&P 500 Mini Index |
|
316.00 USD |
|
|
1/13/20 |
|
|
|
123 |
|
|
|
12,300 |
|
|
|
92,311 |
|
|
|
36,427 |
|
|
|
55,884 |
|
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/13/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
54,378 |
|
|
|
16,152 |
|
|
|
38,226 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
1/13/20 |
|
|
|
461 |
|
|
|
46,100 |
|
|
|
14,752 |
|
|
|
21,206 |
|
|
|
(6,454 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/13/20 |
|
|
|
1,128 |
|
|
|
112,800 |
|
|
|
1,128 |
|
|
|
2,713 |
|
|
|
(1,585 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/13/20 |
|
|
|
245 |
|
|
|
24,500 |
|
|
|
245 |
|
|
|
657 |
|
|
|
(412 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/13/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
775 |
|
|
|
(559 |
) |
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/15/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
116,370 |
|
|
|
19,612 |
|
|
|
96,758 |
|
S&P 500 Mini Index |
|
316.00 USD |
|
|
1/15/20 |
|
|
|
30 |
|
|
|
3,000 |
|
|
|
25,275 |
|
|
|
8,883 |
|
|
|
16,392 |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/15/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
48,621 |
|
|
|
16,855 |
|
|
|
31,766 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/15/20 |
|
|
|
72 |
|
|
|
7,200 |
|
|
|
4,716 |
|
|
|
5,544 |
|
|
|
(828 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/15/20 |
|
|
|
1,128 |
|
|
|
112,800 |
|
|
|
1,128 |
|
|
|
3,410 |
|
|
|
(2,282 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/15/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
559 |
|
|
|
(343 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/17/20 |
|
|
|
522 |
|
|
|
52,200 |
|
|
|
522 |
|
|
|
6,417 |
|
|
|
(5,895 |
) |
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/21/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
105,192 |
|
|
|
30,150 |
|
|
|
75,042 |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/21/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
54,720 |
|
|
|
20,685 |
|
|
|
34,035 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
1/21/20 |
|
|
|
102 |
|
|
|
10,200 |
|
|
|
7,191 |
|
|
|
8,364 |
|
|
|
(1,173 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/21/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
559 |
|
|
|
(343 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/21/20 |
|
|
|
1,578 |
|
|
|
157,800 |
|
|
|
1,578 |
|
|
|
3,513 |
|
|
|
(1,935 |
) |
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/22/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
106,488 |
|
|
|
17,452 |
|
|
|
89,036 |
|
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/22/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
65,037 |
|
|
|
16,741 |
|
|
|
48,296 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
1/22/20 |
|
|
|
102 |
|
|
|
10,200 |
|
|
|
8,058 |
|
|
|
9,375 |
|
|
|
(1,317 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/22/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
559 |
|
|
|
(343 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/22/20 |
|
|
|
1,578 |
|
|
|
157,800 |
|
|
|
1,578 |
|
|
|
4,212 |
|
|
|
(2,634 |
) |
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/24/20 |
|
|
|
44 |
|
|
|
4,400 |
|
|
|
5,588 |
|
|
|
8,316 |
|
|
|
(2,728 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
1/24/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
775 |
|
|
|
(559 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/24/20 |
|
|
|
1,038 |
|
|
|
103,800 |
|
|
|
1,038 |
|
|
|
3,961 |
|
|
|
(2,923 |
) |
S&P 500 Mini Index |
|
357.50 USD |
|
|
1/24/20 |
|
|
|
396 |
|
|
|
39,600 |
|
|
|
396 |
|
|
|
1,188 |
|
|
|
(792 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/24/20 |
|
|
|
522 |
|
|
|
52,200 |
|
|
|
324 |
|
|
|
1,093 |
|
|
|
(769 |
) |
S&P 500 Mini Index |
|
316.00 USD |
|
|
1/27/20 |
|
|
|
24 |
|
|
|
2,400 |
|
|
|
22,500 |
|
|
|
12,098 |
|
|
|
10,402 |
|
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/27/20 |
|
|
|
108 |
|
|
|
10,800 |
|
|
|
74,682 |
|
|
|
18,532 |
|
|
|
56,150 |
|
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/27/20 |
|
|
|
35 |
|
|
|
3,500 |
|
|
|
21,472 |
|
|
|
14,174 |
|
|
|
7,298 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/27/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
38,247 |
|
|
|
17,794 |
|
|
|
20,453 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
1/27/20 |
|
|
|
44 |
|
|
|
4,400 |
|
|
|
12,210 |
|
|
|
15,752 |
|
|
|
(3,542 |
) |
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/27/20 |
|
|
|
1,065 |
|
|
|
106,500 |
|
|
|
1,065 |
|
|
|
3,129 |
|
|
|
(2,064 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
1/27/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
216 |
|
|
|
559 |
|
|
|
(343 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/29/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
41,591 |
|
|
|
20,986 |
|
|
|
20,605 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
1/29/20 |
|
|
|
1,038 |
|
|
|
103,800 |
|
|
|
876 |
|
|
|
5,752 |
|
|
|
(4,876 |
) |
S&P 500 Mini Index |
|
321.00 USD |
|
|
1/31/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
67,488 |
|
|
|
25,433 |
|
|
|
42,055 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
1/31/20 |
|
|
|
44 |
|
|
|
4,400 |
|
|
|
14,410 |
|
|
|
17,996 |
|
|
|
(3,586 |
) |
S&P 500 Mini Index |
|
355.00 USD |
|
|
1/31/20 |
|
|
|
597 |
|
|
|
59,700 |
|
|
|
896 |
|
|
|
1,847 |
|
|
|
(951 |
) |
S&P 500 Mini Index |
|
357.50 USD |
|
|
1/31/20 |
|
|
|
396 |
|
|
|
39,600 |
|
|
|
396 |
|
|
|
1,188 |
|
|
|
(792 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
2/3/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
77,463 |
|
|
|
27,685 |
|
|
|
49,778 |
|
S&P 500 Mini Index |
|
321.00 USD |
|
|
2/3/20 |
|
|
|
144 |
|
|
|
14,400 |
|
|
|
87,192 |
|
|
|
36,768 |
|
|
|
50,424 |
|
S&P 500 Mini Index |
|
340.00 USD |
|
|
2/3/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
2,166 |
|
|
|
650 |
|
|
|
1,516 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
2/3/20 |
|
|
|
597 |
|
|
|
59,700 |
|
|
|
896 |
|
|
|
1,250 |
|
|
|
(354 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
2/5/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
79,263 |
|
|
|
30,031 |
|
|
|
49,232 |
|
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/5/20 |
|
|
|
112 |
|
|
$
|
11,200 |
|
|
$
|
48,223 |
|
|
$
|
20,395 |
|
|
$
|
27,828 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/5/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
929 |
|
|
|
1,106 |
|
|
|
(177 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/5/20 |
|
|
|
584 |
|
|
|
58,400 |
|
|
|
370 |
|
|
|
1,223 |
|
|
|
(853 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
2/7/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
65,550 |
|
|
|
26,659 |
|
|
|
38,891 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/7/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
49,672 |
|
|
|
23,195 |
|
|
|
26,477 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
2/7/20 |
|
|
|
28 |
|
|
|
2,800 |
|
|
|
6,370 |
|
|
|
8,120 |
|
|
|
(1,750 |
) |
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/7/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
684 |
|
|
|
1,106 |
|
|
|
(422 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/7/20 |
|
|
|
584 |
|
|
|
58,400 |
|
|
|
449 |
|
|
|
1,222 |
|
|
|
(773 |
) |
S&P 500 Mini Index |
|
370.00 USD |
|
|
2/7/20 |
|
|
|
252 |
|
|
|
25,200 |
|
|
|
120 |
|
|
|
504 |
|
|
|
(384 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
2/10/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
66,633 |
|
|
|
22,308 |
|
|
|
44,325 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
2/10/20 |
|
|
|
53 |
|
|
|
5,300 |
|
|
|
27,348 |
|
|
|
27,878 |
|
|
|
(530 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/10/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
50,680 |
|
|
|
22,522 |
|
|
|
28,158 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/10/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
684 |
|
|
|
1,068 |
|
|
|
(384 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/10/20 |
|
|
|
584 |
|
|
|
58,400 |
|
|
|
876 |
|
|
|
1,223 |
|
|
|
(347 |
) |
S&P 500 Mini Index |
|
370.00 USD |
|
|
2/10/20 |
|
|
|
477 |
|
|
|
47,700 |
|
|
|
477 |
|
|
|
954 |
|
|
|
(477 |
) |
S&P 500 Mini Index |
|
322.00 USD |
|
|
2/12/20 |
|
|
|
53 |
|
|
|
5,300 |
|
|
|
31,419 |
|
|
|
27,931 |
|
|
|
3,488 |
|
S&P 500 Mini Index |
|
323.00 USD |
|
|
2/12/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
61,692 |
|
|
|
22,992 |
|
|
|
38,700 |
|
S&P 500 Mini Index |
|
326.00 USD |
|
|
2/12/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
41,025 |
|
|
|
20,394 |
|
|
|
20,631 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/12/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
1,444 |
|
|
|
612 |
|
|
|
832 |
|
S&P 500 Mini Index |
|
370.00 USD |
|
|
2/12/20 |
|
|
|
1,061 |
|
|
|
106,100 |
|
|
|
635 |
|
|
|
2,177 |
|
|
|
(1,542 |
) |
S&P 500 Mini Index |
|
321.00 USD |
|
|
2/14/20 |
|
|
|
24 |
|
|
|
2,400 |
|
|
|
16,596 |
|
|
|
11,719 |
|
|
|
4,877 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/14/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
55,917 |
|
|
|
21,871 |
|
|
|
34,046 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
2/14/20 |
|
|
|
24 |
|
|
|
2,400 |
|
|
|
6,504 |
|
|
|
8,037 |
|
|
|
(1,533 |
) |
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/14/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
25,536 |
|
|
|
16,688 |
|
|
|
8,848 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/14/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
1,693 |
|
|
|
1,106 |
|
|
|
587 |
|
S&P 500 Mini Index |
|
375.00 USD |
|
|
2/14/20 |
|
|
|
216 |
|
|
|
21,600 |
|
|
|
98 |
|
|
|
648 |
|
|
|
(550 |
) |
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/14/20 |
|
|
|
224 |
|
|
|
22,400 |
|
|
|
69 |
|
|
|
448 |
|
|
|
(379 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/18/20 |
|
|
|
45 |
|
|
|
4,500 |
|
|
|
23,539 |
|
|
|
22,095 |
|
|
|
1,444 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
2/18/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
53,093 |
|
|
|
22,441 |
|
|
|
30,652 |
|
S&P 500 Mini Index |
|
350.00 USD |
|
|
2/18/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
2,469 |
|
|
|
2,930 |
|
|
|
(461 |
) |
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/18/20 |
|
|
|
405 |
|
|
|
40,500 |
|
|
|
249 |
|
|
|
1,620 |
|
|
|
(1,371 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
2/19/20 |
|
|
|
45 |
|
|
|
4,500 |
|
|
|
26,615 |
|
|
|
23,895 |
|
|
|
2,720 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/19/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
60,228 |
|
|
|
26,955 |
|
|
|
33,273 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
2/19/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
853 |
|
|
|
557 |
|
|
|
296 |
|
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/19/20 |
|
|
|
405 |
|
|
|
40,500 |
|
|
|
1,253 |
|
|
|
1,215 |
|
|
|
38 |
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
2/24/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
57,632 |
|
|
|
25,090 |
|
|
|
32,542 |
|
S&P 500 Mini Index |
|
360.00 USD |
|
|
2/24/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
1,183 |
|
|
|
1,160 |
|
|
|
23 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
2/26/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
46,902 |
|
|
|
23,608 |
|
|
|
23,294 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/26/20 |
|
|
|
19 |
|
|
|
1,900 |
|
|
|
6,031 |
|
|
|
7,068 |
|
|
|
(1,037 |
) |
S&P 500 Mini Index |
|
334.00 USD |
|
|
2/26/20 |
|
|
|
107 |
|
|
|
10,700 |
|
|
|
15,832 |
|
|
|
18,939 |
|
|
|
(3,107 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/26/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
786 |
|
|
|
1,388 |
|
|
|
(602 |
) |
S&P 500 Mini Index |
|
380.00 USD |
|
|
2/26/20 |
|
|
|
385 |
|
|
|
38,500 |
|
|
|
417 |
|
|
|
1,540 |
|
|
|
(1,123 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
2/28/20 |
|
|
|
37 |
|
|
|
3,700 |
|
|
|
21,552 |
|
|
|
21,792 |
|
|
|
(240 |
) |
S&P 500 Mini Index |
|
327.00 USD |
|
|
2/28/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
46,569 |
|
|
|
23,038 |
|
|
|
23,531 |
|
S&P 500 Mini Index |
|
333.00 USD |
|
|
2/28/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
17,047 |
|
|
|
18,746 |
|
|
|
(1,699 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
2/28/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
844 |
|
|
|
704 |
|
|
|
140 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
2/28/20 |
|
|
|
539 |
|
|
|
53,900 |
|
|
|
448 |
|
|
|
1,078 |
|
|
|
(630 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
3/2/20 |
|
|
|
37 |
|
|
|
3,700 |
|
|
|
24,834 |
|
|
|
23,754 |
|
|
|
1,080 |
|
S&P 500 Mini Index |
|
324.00 USD |
|
|
3/2/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
71,267 |
|
|
|
24,748 |
|
|
|
46,519 |
|
S&P 500 Mini Index |
|
331.00 USD |
|
|
3/2/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
25,400 |
|
|
|
27,089 |
|
|
|
(1,689 |
) |
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/2/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
1,019 |
|
|
|
705 |
|
|
|
314 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/2/20 |
|
|
|
539 |
|
|
|
53,900 |
|
|
|
1,617 |
|
|
|
1,617 |
|
|
|
|
|
S&P 500 Mini Index |
|
325.00 USD |
|
|
3/4/20 |
|
|
|
114 |
|
|
|
11,400 |
|
|
|
66,611 |
|
|
|
25,889 |
|
|
|
40,722 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/4/20 |
|
|
|
228 |
|
|
|
22,800 |
|
|
|
1,139 |
|
|
|
934 |
|
|
|
205 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
3/6/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
52,752 |
|
|
|
32,715 |
|
|
|
20,037 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/6/20 |
|
|
|
224 |
|
|
|
22,400 |
|
|
|
1,246 |
|
|
|
469 |
|
|
|
777 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
3/9/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
57,438 |
|
|
|
29,344 |
|
|
|
28,094 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/9/20 |
|
|
|
224 |
|
|
|
22,400 |
|
|
|
1,417 |
|
|
|
693 |
|
|
|
724 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
3/11/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
58,747 |
|
|
|
28,234 |
|
|
|
30,513 |
|
S&P 500 Mini Index |
|
365.00 USD |
|
|
3/11/20 |
|
|
|
224 |
|
|
|
22,400 |
|
|
|
1,526 |
|
|
|
469 |
|
|
|
1,057 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
3/13/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
54,227 |
|
|
|
27,338 |
|
|
|
26,889 |
|
S&P 500 Mini Index |
|
370.00 USD |
|
|
3/13/20 |
|
|
|
224 |
|
|
|
22,400 |
|
|
|
1,055 |
|
|
|
917 |
|
|
|
138 |
|
S&P 500 Mini Index |
|
332.00 USD |
|
|
3/16/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
36,512 |
|
|
|
22,288 |
|
|
|
14,224 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/16/20 |
|
|
|
224 |
|
|
|
22,400 |
|
|
|
384 |
|
|
|
448 |
|
|
|
(64 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
3/27/20 |
|
|
|
107 |
|
|
|
10,700 |
|
|
|
22,964 |
|
|
|
26,964 |
|
|
|
(4,000 |
) |
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/27/20 |
|
|
|
214 |
|
|
|
21,400 |
|
|
|
514 |
|
|
|
856 |
|
|
|
(342 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
3/30/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
26,208 |
|
|
|
26,471 |
|
|
|
(263 |
) |
S&P 500 Mini Index |
|
385.00 USD |
|
|
3/30/20 |
|
|
|
206 |
|
|
|
20,600 |
|
|
|
535 |
|
|
|
412 |
|
|
|
123 |
|
S&P 500 Mini Index |
|
335.00 USD |
|
|
4/1/20 |
|
|
|
103 |
|
|
|
10,300 |
|
|
|
27,876 |
|
|
|
27,501 |
|
|
|
375 |
|
S&P 500 Mini Index |
|
385.00 USD |
|
|
4/1/20 |
|
|
|
206 |
|
|
|
20,600 |
|
|
|
618 |
|
|
|
618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total call options |
|
|
|
|
|
|
|
|
|
|
$ |
4,780,681 |
|
|
$ |
2,146,087 |
|
|
$ |
2,634,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
Put options: |
|
E-mini S&P 500 Index |
|
316.00 USD |
|
|
1/3/20 |
|
|
|
75 |
|
|
$ |
7,500 |
|
|
$ |
1,087 |
|
|
$ |
32,230 |
|
|
$ |
(31,143 |
) |
E-mini S&P 500 Index |
|
314.00 USD |
|
|
1/6/20 |
|
|
|
93 |
|
|
|
9,300 |
|
|
|
1,767 |
|
|
|
43,625 |
|
|
|
(41,858 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/3/20 |
|
|
|
14 |
|
|
|
1,400 |
|
|
|
35 |
|
|
|
204 |
|
|
|
(169 |
) |
S&P 500 Index |
|
2,980.00 USD |
|
|
1/3/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
1,170 |
|
|
|
41,706 |
|
|
|
(40,536 |
) |
S&P 500 Index |
|
1,900.00 USD |
|
|
1/17/20 |
|
|
|
20 |
|
|
|
2,000 |
|
|
|
50 |
|
|
|
221 |
|
|
|
(171 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/17/20 |
|
|
|
67 |
|
|
|
6,700 |
|
|
|
503 |
|
|
|
1,247 |
|
|
|
(744 |
) |
S&P 500 Index |
|
1,950.00 USD |
|
|
1/24/20 |
|
|
|
162 |
|
|
|
16,200 |
|
|
|
405 |
|
|
|
1,741 |
|
|
|
(1,336 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/24/20 |
|
|
|
28 |
|
|
|
2,800 |
|
|
|
210 |
|
|
|
395 |
|
|
|
(185 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/24/20 |
|
|
|
283 |
|
|
|
28,300 |
|
|
|
2,830 |
|
|
|
9,216 |
|
|
|
(6,386 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/27/20 |
|
|
|
85 |
|
|
|
8,500 |
|
|
|
425 |
|
|
|
921 |
|
|
|
(496 |
) |
S&P 500 Index |
|
1,900.00 USD |
|
|
1/3/20 |
|
|
|
220 |
|
|
|
22,000 |
|
|
|
550 |
|
|
|
5,850 |
|
|
|
(5,300 |
) |
S&P 500 Index |
|
1,950.00 USD |
|
|
1/3/20 |
|
|
|
7 |
|
|
|
700 |
|
|
|
18 |
|
|
|
106 |
|
|
|
(88 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/3/20 |
|
|
|
6 |
|
|
|
600 |
|
|
|
15 |
|
|
|
85 |
|
|
|
(70 |
) |
S&P 500 Index |
|
2,300.00 USD |
|
|
1/3/20 |
|
|
|
64 |
|
|
|
6,400 |
|
|
|
160 |
|
|
|
966 |
|
|
|
(806 |
) |
S&P 500 Index |
|
2,400.00 USD |
|
|
1/3/20 |
|
|
|
500 |
|
|
|
50,000 |
|
|
|
1,250 |
|
|
|
10,372 |
|
|
|
(9,122 |
) |
S&P 500 Index |
|
2,925.00 USD |
|
|
1/3/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
1,045 |
|
|
|
68,860 |
|
|
|
(67,815 |
) |
S&P 500 Index |
|
3,210.00 USD |
|
|
1/3/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
14,260 |
|
|
|
21,958 |
|
|
|
(7,698 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/6/20 |
|
|
|
66 |
|
|
|
6,600 |
|
|
|
165 |
|
|
|
732 |
|
|
|
(567 |
) |
S&P 500 Index |
|
2,950.00 USD |
|
|
1/6/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
2,280 |
|
|
|
51,532 |
|
|
|
(49,252 |
) |
S&P 500 Index |
|
3,020.00 USD |
|
|
1/6/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
2,275 |
|
|
|
37,208 |
|
|
|
(34,933 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/8/20 |
|
|
|
7 |
|
|
|
700 |
|
|
|
18 |
|
|
|
77 |
|
|
|
(59 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/8/20 |
|
|
|
66 |
|
|
|
6,600 |
|
|
|
165 |
|
|
|
1,062 |
|
|
|
(897 |
) |
S&P 500 Index |
|
3,000.00 USD |
|
|
1/8/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
4,465 |
|
|
|
52,520 |
|
|
|
(48,055 |
) |
S&P 500 Index |
|
3,030.00 USD |
|
|
1/8/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
3,510 |
|
|
|
49,844 |
|
|
|
(46,334 |
) |
S&P 500 Index |
|
3,205.00 USD |
|
|
1/8/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
29,295 |
|
|
|
34,867 |
|
|
|
(5,572 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/10/20 |
|
|
|
215 |
|
|
|
21,500 |
|
|
|
537 |
|
|
|
6,772 |
|
|
|
(6,235 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/10/20 |
|
|
|
66 |
|
|
|
6,600 |
|
|
|
330 |
|
|
|
1,392 |
|
|
|
(1,062 |
) |
S&P 500 Index |
|
3,010.00 USD |
|
|
1/10/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
6,840 |
|
|
|
70,114 |
|
|
|
(63,274 |
) |
S&P 500 Index |
|
3,070.00 USD |
|
|
1/10/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
7,150 |
|
|
|
42,954 |
|
|
|
(35,804 |
) |
S&P 500 Index |
|
3,205.00 USD |
|
|
1/10/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
39,990 |
|
|
|
44,867 |
|
|
|
(4,877 |
) |
S&P 500 Index |
|
2,100.00 USD |
|
|
1/13/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
290 |
|
|
|
817 |
|
|
|
(527 |
) |
S&P 500 Index |
|
3,055.00 USD |
|
|
1/13/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
10,735 |
|
|
|
59,436 |
|
|
|
(48,701 |
) |
S&P 500 Index |
|
3,100.00 USD |
|
|
1/13/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
10,920 |
|
|
|
27,094 |
|
|
|
(16,174 |
) |
S&P 500 Index |
|
3,225.00 USD |
|
|
1/13/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
61,535 |
|
|
|
56,792 |
|
|
|
4,743 |
|
S&P 500 Index |
|
2,100.00 USD |
|
|
1/15/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
290 |
|
|
|
875 |
|
|
|
(585 |
) |
S&P 500 Index |
|
3,085.00 USD |
|
|
1/15/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
18,430 |
|
|
|
39,714 |
|
|
|
(21,284 |
) |
S&P 500 Index |
|
3,100.00 USD |
|
|
1/15/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
14,430 |
|
|
|
32,381 |
|
|
|
(17,951 |
) |
S&P 500 Index |
|
3,225.00 USD |
|
|
1/15/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
70,835 |
|
|
|
66,092 |
|
|
|
4,743 |
|
S&P 500 Index |
|
1,925.00 USD |
|
|
1/17/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
45 |
|
|
|
100 |
|
|
|
(55 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
1/17/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
68 |
|
|
|
145 |
|
|
|
(77 |
) |
S&P 500 Index |
|
2,075.00 USD |
|
|
1/17/20 |
|
|
|
215 |
|
|
|
21,500 |
|
|
|
2,150 |
|
|
|
6,685 |
|
|
|
(4,535 |
) |
S&P 500 Index |
|
2,200.00 USD |
|
|
1/17/20 |
|
|
|
1,500 |
|
|
|
150,000 |
|
|
|
15,000 |
|
|
|
38,588 |
|
|
|
(23,588 |
) |
S&P 500 Index |
|
3,080.00 USD |
|
|
1/17/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
21,090 |
|
|
|
44,122 |
|
|
|
(23,032 |
) |
S&P 500 Index |
|
3,120.00 USD |
|
|
1/17/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
20,540 |
|
|
|
29,473 |
|
|
|
(8,933 |
) |
S&P 500 Index |
|
3,225.00 USD |
|
|
1/17/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
76,880 |
|
|
|
71,672 |
|
|
|
5,208 |
|
S&P 500 Index |
|
2,150.00 USD |
|
|
1/21/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
580 |
|
|
|
991 |
|
|
|
(411 |
) |
S&P 500 Index |
|
2,925.00 USD |
|
|
1/21/20 |
|
|
|
120 |
|
|
|
12,000 |
|
|
|
27,900 |
|
|
|
33,240 |
|
|
|
(5,340 |
) |
S&P 500 Index |
|
3,105.00 USD |
|
|
1/21/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
31,540 |
|
|
|
43,852 |
|
|
|
(12,312 |
) |
S&P 500 Index |
|
3,130.00 USD |
|
|
1/21/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
26,910 |
|
|
|
35,648 |
|
|
|
(8,738 |
) |
S&P 500 Index |
|
3,200.00 USD |
|
|
1/21/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
64,015 |
|
|
|
89,786 |
|
|
|
(25,771 |
) |
S&P 500 Index |
|
2,150.00 USD |
|
|
1/22/20 |
|
|
|
58 |
|
|
|
5,800 |
|
|
|
725 |
|
|
|
1,107 |
|
|
|
(382 |
) |
S&P 500 Index |
|
2,915.00 USD |
|
|
1/22/20 |
|
|
|
120 |
|
|
|
12,000 |
|
|
|
29,400 |
|
|
|
40,320 |
|
|
|
(10,920 |
) |
S&P 500 Index |
|
3,115.00 USD |
|
|
1/22/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
37,810 |
|
|
|
49,860 |
|
|
|
(12,050 |
) |
S&P 500 Index |
|
3,125.00 USD |
|
|
1/22/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
28,210 |
|
|
|
37,052 |
|
|
|
(8,842 |
) |
S&P 500 Index |
|
3,175.00 USD |
|
|
1/22/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
53,165 |
|
|
|
73,857 |
|
|
|
(20,692 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
1/24/20 |
|
|
|
7 |
|
|
|
700 |
|
|
|
53 |
|
|
|
70 |
|
|
|
(17 |
) |
S&P 500 Index |
|
3,110.00 USD |
|
|
1/24/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
42,180 |
|
|
|
54,040 |
|
|
|
(11,860 |
) |
S&P 500 Index |
|
3,135.00 USD |
|
|
1/24/20 |
|
|
|
26 |
|
|
|
2,600 |
|
|
|
35,490 |
|
|
|
34,519 |
|
|
|
971 |
|
S&P 500 Index |
|
3,175.00 USD |
|
|
1/24/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
60,140 |
|
|
|
82,606 |
|
|
|
(22,466 |
) |
S&P 500 Index |
|
2,850.00 USD |
|
|
1/27/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
4,005 |
|
|
|
4,716 |
|
|
|
(711 |
) |
S&P 500 Index |
|
3,110.00 USD |
|
|
1/27/20 |
|
|
|
9 |
|
|
|
900 |
|
|
|
10,845 |
|
|
|
13,860 |
|
|
|
(3,015 |
) |
S&P 500 Index |
|
3,120.00 USD |
|
|
1/27/20 |
|
|
|
38 |
|
|
|
3,800 |
|
|
|
49,590 |
|
|
|
48,450 |
|
|
|
1,140 |
|
S&P 500 Index |
|
3,215.00 USD |
|
|
1/27/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
91,760 |
|
|
|
122,232 |
|
|
|
(30,472 |
) |
S&P 500 Index |
|
2,850.00 USD |
|
|
1/29/20 |
|
|
|
18 |
|
|
|
1,800 |
|
|
|
4,680 |
|
|
|
6,408 |
|
|
|
(1,728 |
) |
S&P 500 Index |
|
3,125.00 USD |
|
|
1/29/20 |
|
|
|
12 |
|
|
|
1,200 |
|
|
|
18,660 |
|
|
|
26,040 |
|
|
|
(7,380 |
) |
S&P 500 Index |
|
3,200.00 USD |
|
|
1/29/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
87,885 |
|
|
|
115,526 |
|
|
|
(27,641 |
) |
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,100.00 USD |
|
|
1/31/20 |
|
|
|
215 |
|
|
$
|
21,500 |
|
|
$
|
3,225 |
|
|
$
|
9,190 |
|
|
$
|
(5,965 |
) |
S&P 500 Index |
|
3,110.00 USD |
|
|
1/31/20 |
|
|
|
84 |
|
|
|
8,400 |
|
|
|
131,040 |
|
|
|
171,066 |
|
|
|
(40,026 |
) |
S&P 500 Index |
|
3,200.00 USD |
|
|
1/31/20 |
|
|
|
31 |
|
|
|
3,100 |
|
|
|
95,635 |
|
|
|
126,066 |
|
|
|
(30,431 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
2/7/20 |
|
|
|
210 |
|
|
|
21,000 |
|
|
|
2,625 |
|
|
|
6,980 |
|
|
|
(4,355 |
) |
S&P 500 Index |
|
2,000.00 USD |
|
|
2/14/20 |
|
|
|
210 |
|
|
|
21,000 |
|
|
|
3,675 |
|
|
|
5,807 |
|
|
|
(2,132 |
) |
S&P 500 Index |
|
2,050.00 USD |
|
|
2/21/20 |
|
|
|
200 |
|
|
|
20,000 |
|
|
|
5,000 |
|
|
|
7,549 |
|
|
|
(2,549 |
) |
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/2/20 |
|
|
|
96 |
|
|
|
9,600 |
|
|
|
181 |
|
|
|
43,497 |
|
|
|
(43,316 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/2/20 |
|
|
|
112 |
|
|
|
11,200 |
|
|
|
3,018 |
|
|
|
26,779 |
|
|
|
(23,761 |
) |
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/3/20 |
|
|
|
30 |
|
|
|
3,000 |
|
|
|
375 |
|
|
|
9,652 |
|
|
|
(9,277 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/3/20 |
|
|
|
135 |
|
|
|
13,500 |
|
|
|
4,590 |
|
|
|
33,345 |
|
|
|
(28,755 |
) |
S&P 500 Mini Index |
|
317.00 USD |
|
|
1/10/20 |
|
|
|
194 |
|
|
|
19,400 |
|
|
|
14,938 |
|
|
|
25,044 |
|
|
|
(10,106 |
) |
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/13/20 |
|
|
|
159 |
|
|
|
15,900 |
|
|
|
18,603 |
|
|
|
26,871 |
|
|
|
(8,268 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/15/20 |
|
|
|
110 |
|
|
|
11,000 |
|
|
|
17,875 |
|
|
|
23,100 |
|
|
|
(5,225 |
) |
S&P 500 Mini Index |
|
320.00 USD |
|
|
1/21/20 |
|
|
|
97 |
|
|
|
9,700 |
|
|
|
20,030 |
|
|
|
24,832 |
|
|
|
(4,802 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/22/20 |
|
|
|
161 |
|
|
|
16,100 |
|
|
|
48,863 |
|
|
|
57,155 |
|
|
|
(8,292 |
) |
S&P 500 Mini Index |
|
323.00 USD |
|
|
1/24/20 |
|
|
|
64 |
|
|
|
6,400 |
|
|
|
21,024 |
|
|
|
19,392 |
|
|
|
1,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total put options |
|
|
|
|
|
|
|
|
|
|
$ |
1,542,278 |
|
|
$ |
2,638,135 |
|
|
$ |
(1,095,857 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options purchased contracts |
|
|
|
|
|
|
|
|
|
|
$ |
6,322,959 |
|
|
$ |
4,784,222 |
|
|
$ |
1,538,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options written contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
Call options: |
|
CBOE SPX Volatility Index |
|
30.00 USD |
|
|
1/22/20 |
|
|
|
(168 |
) |
|
$ |
(16,800 |
) |
|
$ |
(2,940 |
) |
|
$ |
(11,633 |
) |
|
$ |
8,693 |
|
E-mini S&P 500 Index |
|
318.00 USD |
|
|
1/3/20 |
|
|
|
(210 |
) |
|
|
(21,000 |
) |
|
|
(114,765 |
) |
|
|
(11,846 |
) |
|
|
(102,919 |
) |
E-mini S&P 500 Index |
|
324.00 USD |
|
|
1/3/20 |
|
|
|
(590 |
) |
|
|
(59,000 |
) |
|
|
(48,970 |
) |
|
|
(14,993 |
) |
|
|
(33,977 |
) |
E-mini S&P 500 Index |
|
327.00 USD |
|
|
1/3/20 |
|
|
|
(852 |
) |
|
|
(85,200 |
) |
|
|
(8,520 |
) |
|
|
(23,185 |
) |
|
|
14,665 |
|
E-mini S&P 500 Index |
|
330.00 USD |
|
|
1/3/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(486 |
) |
|
|
(4,669 |
) |
|
|
4,183 |
|
E-mini S&P 500 Index |
|
318.00 USD |
|
|
1/6/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(175,932 |
) |
|
|
(12,445 |
) |
|
|
(163,487 |
) |
E-mini S&P 500 Index |
|
328.00 USD |
|
|
1/6/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(3,420 |
) |
|
|
(8,601 |
) |
|
|
5,181 |
|
E-mini S&P 500 Index |
|
321.00 USD |
|
|
1/10/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(123,606 |
) |
|
|
(21,193 |
) |
|
|
(102,413 |
) |
E-mini S&P 500 Index |
|
327.00 USD |
|
|
1/10/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(21,204 |
) |
|
|
(12,421 |
) |
|
|
(8,783 |
) |
E-mini S&P 500 Index |
|
320.00 USD |
|
|
1/17/20 |
|
|
|
(177 |
) |
|
|
(17,700 |
) |
|
|
(95,315 |
) |
|
|
(13,171 |
) |
|
|
(82,144 |
) |
E-mini S&P 500 Index |
|
335.00 USD |
|
|
1/17/20 |
|
|
|
(884 |
) |
|
|
(88,400 |
) |
|
|
(5,746 |
) |
|
|
(14,945 |
) |
|
|
9,199 |
|
E-mini S&P 500 Index |
|
325.00 USD |
|
|
1/24/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(85,050 |
) |
|
|
(19,573 |
) |
|
|
(65,477 |
) |
E-mini S&P 500 Index |
|
331.00 USD |
|
|
1/24/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(17,613 |
) |
|
|
(9,546 |
) |
|
|
(8,067 |
) |
E-mini S&P 500 Index |
|
328.00 USD |
|
|
1/31/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(58,158 |
) |
|
|
(15,685 |
) |
|
|
(42,473 |
) |
E-mini S&P 500 Index |
|
332.00 USD |
|
|
2/21/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(53,865 |
) |
|
|
(19,977 |
) |
|
|
(33,888 |
) |
E-mini S&P 500 Index Flex |
|
322.00 USD |
|
|
1/2/20 |
|
|
|
(403 |
) |
|
|
(40,300 |
) |
|
|
(65,039 |
) |
|
|
(21,524 |
) |
|
|
(43,515 |
) |
E-mini S&P 500 Index Flex |
|
328.00 USD |
|
|
1/29/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(55,039 |
) |
|
|
(14,065 |
) |
|
|
(40,974 |
) |
S&P 500 Index |
|
2,730.00 USD |
|
|
1/3/20 |
|
|
|
(220 |
) |
|
|
(22,000 |
) |
|
|
(11,083,600 |
) |
|
|
(6,973,430 |
) |
|
|
(4,110,170 |
) |
S&P 500 Index |
|
2,800.00 USD |
|
|
1/10/20 |
|
|
|
(215 |
) |
|
|
(21,500 |
) |
|
|
(9,338,525 |
) |
|
|
(6,522,768 |
) |
|
|
(2,815,757 |
) |
S&P 500 Index |
|
2,830.00 USD |
|
|
1/17/20 |
|
|
|
(215 |
) |
|
|
(21,500 |
) |
|
|
(8,720,400 |
) |
|
|
(6,485,670 |
) |
|
|
(2,234,730 |
) |
S&P 500 Index |
|
3,290.00 USD |
|
|
1/17/20 |
|
|
|
(130 |
) |
|
|
(13,000 |
) |
|
|
(76,050 |
) |
|
|
(75,303 |
) |
|
|
(747 |
) |
S&P 500 Index |
|
2,820.00 USD |
|
|
1/24/20 |
|
|
|
(215 |
) |
|
|
(21,500 |
) |
|
|
(8,961,200 |
) |
|
|
(6,514,265 |
) |
|
|
(2,446,935 |
) |
S&P 500 Index |
|
2,850.00 USD |
|
|
1/31/20 |
|
|
|
(215 |
) |
|
|
(21,500 |
) |
|
|
(8,344,150 |
) |
|
|
(6,631,300 |
) |
|
|
(1,712,850 |
) |
S&P 500 Index |
|
2,840.00 USD |
|
|
2/7/20 |
|
|
|
(210 |
) |
|
|
(21,000 |
) |
|
|
(8,376,900 |
) |
|
|
(6,739,164 |
) |
|
|
(1,637,736 |
) |
S&P 500 Index |
|
2,880.00 USD |
|
|
2/14/20 |
|
|
|
(210 |
) |
|
|
(21,000 |
) |
|
|
(7,573,650 |
) |
|
|
(6,375,234 |
) |
|
|
(1,198,416 |
) |
S&P 500 Index |
|
2,930.00 USD |
|
|
2/21/20 |
|
|
|
(200 |
) |
|
|
(20,000 |
) |
|
|
(6,282,000 |
) |
|
|
(6,152,158 |
) |
|
|
(129,842 |
) |
S&P 500 Mini Index |
|
326.00 USD |
|
|
1/2/20 |
|
|
|
(590 |
) |
|
|
(59,000 |
) |
|
|
(6,438 |
) |
|
|
(11,538 |
) |
|
|
5,100 |
|
S&P 500 Mini Index |
|
327.00 USD |
|
|
1/2/20 |
|
|
|
(510 |
) |
|
|
(51,000 |
) |
|
|
(2,233 |
) |
|
|
(14,442 |
) |
|
|
12,209 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/8/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(87,642 |
) |
|
|
(18,925 |
) |
|
|
(68,717 |
) |
S&P 500 Mini Index |
|
327.00 USD |
|
|
1/8/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(13,509 |
) |
|
|
(6,688 |
) |
|
|
(6,821 |
) |
S&P 500 Mini Index |
|
319.00 USD |
|
|
1/13/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(180,954 |
) |
|
|
(15,685 |
) |
|
|
(165,269 |
) |
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/13/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(16,758 |
) |
|
|
(7,975 |
) |
|
|
(8,783 |
) |
S&P 500 Mini Index |
|
330.00 USD |
|
|
1/13/20 |
|
|
|
(368 |
) |
|
|
(36,800 |
) |
|
|
(7,544 |
) |
|
|
(14,149 |
) |
|
|
6,605 |
|
S&P 500 Mini Index |
|
322.00 USD |
|
|
1/15/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(114,696 |
) |
|
|
(18,601 |
) |
|
|
(96,095 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/21/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(90,072 |
) |
|
|
(17,305 |
) |
|
|
(72,767 |
) |
S&P 500 Mini Index |
|
324.00 USD |
|
|
1/22/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(94,608 |
) |
|
|
(15,685 |
) |
|
|
(78,923 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
1/24/20 |
|
|
|
(440 |
) |
|
|
(44,000 |
) |
|
|
(3,520 |
) |
|
|
(6,600 |
) |
|
|
3,080 |
|
S&P 500 Mini Index |
|
328.00 USD |
|
|
1/27/20 |
|
|
|
(324 |
) |
|
|
(32,400 |
) |
|
|
(44,712 |
) |
|
|
(19,573 |
) |
|
|
(25,139 |
) |
S&P 500 Mini Index |
|
333.00 USD |
|
|
1/27/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(10,944 |
) |
|
|
(9,888 |
) |
|
|
(1,056 |
) |
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Mini Index |
|
338.00 USD |
|
|
1/27/20 |
|
|
|
(440 |
) |
|
$
|
(44,000 |
) |
|
$
|
(3,080 |
) |
|
$
|
(5,720 |
) |
|
$
|
2,640 |
|
S&P 500 Mini Index |
|
333.00 USD |
|
|
1/29/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(17,727 |
) |
|
|
(9,546 |
) |
|
|
(8,181 |
) |
S&P 500 Mini Index |
|
330.00 USD |
|
|
1/31/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(37,962 |
) |
|
|
(15,358 |
) |
|
|
(22,604 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
1/31/20 |
|
|
|
(440 |
) |
|
|
(44,000 |
) |
|
|
(5,720 |
) |
|
|
(10,120 |
) |
|
|
4,400 |
|
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/3/20 |
|
|
|
(684 |
) |
|
|
(68,400 |
) |
|
|
(105,336 |
) |
|
|
(42,427 |
) |
|
|
(62,909 |
) |
S&P 500 Mini Index |
|
329.00 USD |
|
|
2/5/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(63,060 |
) |
|
|
(23,649 |
) |
|
|
(39,411 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/5/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(32,030 |
) |
|
|
(11,392 |
) |
|
|
(20,638 |
) |
S&P 500 Mini Index |
|
330.00 USD |
|
|
2/7/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(51,471 |
) |
|
|
(28,095 |
) |
|
|
(23,376 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/7/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(32,256 |
) |
|
|
(16,097 |
) |
|
|
(16,159 |
) |
S&P 500 Mini Index |
|
339.00 USD |
|
|
2/7/20 |
|
|
|
(280 |
) |
|
|
(28,000 |
) |
|
|
(5,320 |
) |
|
|
(8,400 |
) |
|
|
3,080 |
|
S&P 500 Mini Index |
|
330.00 USD |
|
|
2/10/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(54,207 |
) |
|
|
(23,365 |
) |
|
|
(30,842 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/10/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(33,936 |
) |
|
|
(22,481 |
) |
|
|
(11,455 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/10/20 |
|
|
|
(530 |
) |
|
|
(53,000 |
) |
|
|
(21,465 |
) |
|
|
(23,850 |
) |
|
|
2,385 |
|
S&P 500 Mini Index |
|
331.00 USD |
|
|
2/12/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(53,002 |
) |
|
|
(23,364 |
) |
|
|
(29,638 |
) |
S&P 500 Mini Index |
|
333.00 USD |
|
|
2/12/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(34,203 |
) |
|
|
(22,817 |
) |
|
|
(11,386 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/12/20 |
|
|
|
(530 |
) |
|
|
(53,000 |
) |
|
|
(24,020 |
) |
|
|
(19,080 |
) |
|
|
(4,940 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/14/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(47,760 |
) |
|
|
(23,307 |
) |
|
|
(24,453 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
2/14/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(14,245 |
) |
|
|
(11,088 |
) |
|
|
(3,157 |
) |
S&P 500 Mini Index |
|
340.00 USD |
|
|
2/14/20 |
|
|
|
(240 |
) |
|
|
(24,000 |
) |
|
|
(5,880 |
) |
|
|
(9,600 |
) |
|
|
3,720 |
|
S&P 500 Mini Index |
|
334.00 USD |
|
|
2/18/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(38,317 |
) |
|
|
(19,203 |
) |
|
|
(19,114 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
2/18/20 |
|
|
|
(450 |
) |
|
|
(45,000 |
) |
|
|
(29,066 |
) |
|
|
(24,750 |
) |
|
|
(4,316 |
) |
S&P 500 Mini Index |
|
332.00 USD |
|
|
2/19/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(56,844 |
) |
|
|
(25,498 |
) |
|
|
(31,346 |
) |
S&P 500 Mini Index |
|
337.00 USD |
|
|
2/19/20 |
|
|
|
(450 |
) |
|
|
(45,000 |
) |
|
|
(27,914 |
) |
|
|
(22,501 |
) |
|
|
(5,413 |
) |
S&P 500 Mini Index |
|
334.00 USD |
|
|
2/24/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(47,884 |
) |
|
|
(20,148 |
) |
|
|
(27,736 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/26/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(36,312 |
) |
|
|
(19,122 |
) |
|
|
(17,190 |
) |
S&P 500 Mini Index |
|
343.00 USD |
|
|
2/26/20 |
|
|
|
(511 |
) |
|
|
(51,100 |
) |
|
|
(19,226 |
) |
|
|
(26,061 |
) |
|
|
6,835 |
|
S&P 500 Mini Index |
|
336.00 USD |
|
|
2/28/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(38,797 |
) |
|
|
(22,883 |
) |
|
|
(15,914 |
) |
S&P 500 Mini Index |
|
339.00 USD |
|
|
2/28/20 |
|
|
|
(370 |
) |
|
|
(37,000 |
) |
|
|
(25,761 |
) |
|
|
(21,830 |
) |
|
|
(3,931 |
) |
S&P 500 Mini Index |
|
342.00 USD |
|
|
2/28/20 |
|
|
|
(309 |
) |
|
|
(30,900 |
) |
|
|
(14,112 |
) |
|
|
(13,596 |
) |
|
|
(516 |
) |
S&P 500 Mini Index |
|
333.00 USD |
|
|
3/2/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(70,925 |
) |
|
|
(20,488 |
) |
|
|
(50,437 |
) |
S&P 500 Mini Index |
|
339.00 USD |
|
|
3/2/20 |
|
|
|
(370 |
) |
|
|
(37,000 |
) |
|
|
(23,621 |
) |
|
|
(27,380 |
) |
|
|
3,759 |
|
S&P 500 Mini Index |
|
341.00 USD |
|
|
3/2/20 |
|
|
|
(309 |
) |
|
|
(30,900 |
) |
|
|
(15,577 |
) |
|
|
(21,321 |
) |
|
|
5,744 |
|
S&P 500 Mini Index |
|
333.00 USD |
|
|
3/4/20 |
|
|
|
(342 |
) |
|
|
(34,200 |
) |
|
|
(75,646 |
) |
|
|
(23,566 |
) |
|
|
(52,080 |
) |
S&P 500 Mini Index |
|
335.00 USD |
|
|
3/6/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(52,920 |
) |
|
|
(29,873 |
) |
|
|
(23,047 |
) |
S&P 500 Mini Index |
|
335.00 USD |
|
|
3/9/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(64,354 |
) |
|
|
(26,544 |
) |
|
|
(37,810 |
) |
S&P 500 Mini Index |
|
336.00 USD |
|
|
3/11/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(58,536 |
) |
|
|
(22,481 |
) |
|
|
(36,055 |
) |
S&P 500 Mini Index |
|
338.00 USD |
|
|
3/13/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(46,206 |
) |
|
|
(14,752 |
) |
|
|
(31,454 |
) |
S&P 500 Mini Index |
|
341.00 USD |
|
|
3/16/20 |
|
|
|
(336 |
) |
|
|
(33,600 |
) |
|
|
(33,169 |
) |
|
|
(19,824 |
) |
|
|
(13,345 |
) |
S&P 500 Mini Index |
|
347.00 USD |
|
|
3/27/20 |
|
|
|
(321 |
) |
|
|
(32,100 |
) |
|
|
(19,823 |
) |
|
|
(15,729 |
) |
|
|
(4,094 |
) |
S&P 500 Mini Index |
|
345.00 USD |
|
|
3/30/20 |
|
|
|
(309 |
) |
|
|
(30,900 |
) |
|
|
(25,529 |
) |
|
|
(24,411 |
) |
|
|
(1,118 |
) |
S&P 500 Mini Index |
|
344.00 USD |
|
|
4/1/20 |
|
|
|
(309 |
) |
|
|
(30,900 |
) |
|
|
(26,861 |
) |
|
|
(23,175 |
) |
|
|
(3,686 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total call options |
|
|
|
|
|
|
|
|
|
|
$ |
(71,855,853 |
) |
|
$ |
(53,730,710 |
) |
|
$ |
(18,125,143 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put options: |
|
E-mini S&P 500 Index |
|
275.00 USD |
|
|
1/3/20 |
|
|
|
(245 |
) |
|
$ |
(24,500 |
) |
|
$ |
(245 |
) |
|
$ |
(23,866 |
) |
|
$ |
23,621 |
|
E-mini S&P 500 Index |
|
308.00 USD |
|
|
1/3/20 |
|
|
|
(75 |
) |
|
|
(7,500 |
) |
|
|
(638 |
) |
|
|
(15,770 |
) |
|
|
15,132 |
|
E-mini S&P 500 Index |
|
307.00 USD |
|
|
1/6/20 |
|
|
|
(93 |
) |
|
|
(9,300 |
) |
|
|
(1,023 |
) |
|
|
(24,358 |
) |
|
|
23,335 |
|
S&P 500 Index |
|
2,850.00 USD |
|
|
1/3/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(763 |
) |
|
|
(65,265 |
) |
|
|
64,502 |
|
S&P 500 Index |
|
2,875.00 USD |
|
|
1/3/20 |
|
|
|
(46 |
) |
|
|
(4,600 |
) |
|
|
(920 |
) |
|
|
(30,494 |
) |
|
|
29,574 |
|
S&P 500 Index |
|
3,175.00 USD |
|
|
1/3/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(11,625 |
) |
|
|
(21,029 |
) |
|
|
9,404 |
|
S&P 500 Index |
|
2,875.00 USD |
|
|
1/6/20 |
|
|
|
(64 |
) |
|
|
(6,400 |
) |
|
|
(2,240 |
) |
|
|
(46,778 |
) |
|
|
44,538 |
|
S&P 500 Index |
|
2,940.00 USD |
|
|
1/6/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(2,365 |
) |
|
|
(33,321 |
) |
|
|
30,956 |
|
S&P 500 Index |
|
2,920.00 USD |
|
|
1/8/20 |
|
|
|
(64 |
) |
|
|
(6,400 |
) |
|
|
(4,960 |
) |
|
|
(48,506 |
) |
|
|
43,546 |
|
S&P 500 Index |
|
2,950.00 USD |
|
|
1/8/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(3,763 |
) |
|
|
(45,318 |
) |
|
|
41,555 |
|
S&P 500 Index |
|
3,155.00 USD |
|
|
1/8/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(25,730 |
) |
|
|
(34,488 |
) |
|
|
8,758 |
|
S&P 500 Index |
|
2,930.00 USD |
|
|
1/10/20 |
|
|
|
(64 |
) |
|
|
(6,400 |
) |
|
|
(7,520 |
) |
|
|
(66,874 |
) |
|
|
59,354 |
|
S&P 500 Index |
|
2,990.00 USD |
|
|
1/10/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(6,880 |
) |
|
|
(38,051 |
) |
|
|
31,171 |
|
S&P 500 Index |
|
3,140.00 USD |
|
|
1/10/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(32,860 |
) |
|
|
(41,394 |
) |
|
|
8,534 |
|
S&P 500 Index |
|
2,975.00 USD |
|
|
1/13/20 |
|
|
|
(64 |
) |
|
|
(6,400 |
) |
|
|
(10,880 |
) |
|
|
(55,226 |
) |
|
|
44,346 |
|
S&P 500 Index |
|
3,020.00 USD |
|
|
1/13/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(9,460 |
) |
|
|
(23,560 |
) |
|
|
14,100 |
|
S&P 500 Index |
|
3,160.00 USD |
|
|
1/13/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(48,980 |
) |
|
|
(51,336 |
) |
|
|
2,356 |
|
S&P 500 Index |
|
3,005.00 USD |
|
|
1/15/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(16,013 |
) |
|
|
(34,338 |
) |
|
|
18,325 |
|
S&P 500 Index |
|
3,020.00 USD |
|
|
1/15/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(12,470 |
) |
|
|
(29,623 |
) |
|
|
17,153 |
|
S&P 500 Index |
|
3,155.00 USD |
|
|
1/15/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(59,210 |
) |
|
|
(60,636 |
) |
|
|
1,426 |
|
S&P 500 Index |
|
2,500.00 USD |
|
|
1/17/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(202 |
) |
|
|
(20,958 |
) |
|
|
20,756 |
|
S&P 500 Index |
|
2,525.00 USD |
|
|
1/17/20 |
|
|
|
(34 |
) |
|
|
(3,400 |
) |
|
|
(1,020 |
) |
|
|
(74,268 |
) |
|
|
73,248 |
|
S&P 500 Index |
|
2,595.00 USD |
|
|
1/17/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(375 |
) |
|
|
(19,188 |
) |
|
|
18,813 |
|
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,620.00 USD |
|
|
1/17/20 |
|
|
|
(5 |
) |
|
$
|
(500 |
) |
|
$
|
(200 |
) |
|
$
|
(8,444 |
) |
|
$
|
8,244 |
|
S&P 500 Index |
|
2,635.00 USD |
|
|
1/17/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(237 |
) |
|
|
(8,493 |
) |
|
|
8,256 |
|
S&P 500 Index |
|
2,645.00 USD |
|
|
1/17/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(250 |
) |
|
|
(8,737 |
) |
|
|
8,487 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
1/17/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(250 |
) |
|
|
(8,094 |
) |
|
|
7,844 |
|
S&P 500 Index |
|
2,655.00 USD |
|
|
1/17/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(525 |
) |
|
|
(16,801 |
) |
|
|
16,276 |
|
S&P 500 Index |
|
2,670.00 USD |
|
|
1/17/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(262 |
) |
|
|
(7,888 |
) |
|
|
7,626 |
|
S&P 500 Index |
|
3,000.00 USD |
|
|
1/17/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(18,605 |
) |
|
|
(40,254 |
) |
|
|
21,649 |
|
S&P 500 Index |
|
3,040.00 USD |
|
|
1/17/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(17,415 |
) |
|
|
(26,789 |
) |
|
|
9,374 |
|
S&P 500 Index |
|
3,155.00 USD |
|
|
1/17/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(68,510 |
) |
|
|
(68,696 |
) |
|
|
186 |
|
S&P 500 Index |
|
3,025.00 USD |
|
|
1/21/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(26,840 |
) |
|
|
(39,894 |
) |
|
|
13,054 |
|
S&P 500 Index |
|
3,050.00 USD |
|
|
1/21/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(22,790 |
) |
|
|
(34,138 |
) |
|
|
11,348 |
|
S&P 500 Index |
|
3,120.00 USD |
|
|
1/21/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(58,590 |
) |
|
|
(86,321 |
) |
|
|
27,731 |
|
S&P 500 Index |
|
3,030.00 USD |
|
|
1/22/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(31,110 |
) |
|
|
(45,195 |
) |
|
|
14,085 |
|
S&P 500 Index |
|
3,045.00 USD |
|
|
1/22/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(24,510 |
) |
|
|
(34,611 |
) |
|
|
10,101 |
|
S&P 500 Index |
|
3,090.00 USD |
|
|
1/22/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(49,910 |
) |
|
|
(72,020 |
) |
|
|
22,110 |
|
S&P 500 Index |
|
315.00 USD |
|
|
1/24/20 |
|
|
|
(64 |
) |
|
|
(6,400 |
) |
|
|
(9,952 |
) |
|
|
(9,472 |
) |
|
|
(480 |
) |
S&P 500 Index |
|
2,970.00 USD |
|
|
1/24/20 |
|
|
|
(81 |
) |
|
|
(8,100 |
) |
|
|
(32,805 |
) |
|
|
(54,559 |
) |
|
|
21,754 |
|
S&P 500 Index |
|
3,030.00 USD |
|
|
1/24/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(36,905 |
) |
|
|
(50,929 |
) |
|
|
14,024 |
|
S&P 500 Index |
|
3,055.00 USD |
|
|
1/24/20 |
|
|
|
(43 |
) |
|
|
(4,300 |
) |
|
|
(31,175 |
) |
|
|
(31,519 |
) |
|
|
344 |
|
S&P 500 Index |
|
3,085.00 USD |
|
|
1/24/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(56,110 |
) |
|
|
(80,544 |
) |
|
|
24,434 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/27/20 |
|
|
|
(27 |
) |
|
|
(2,700 |
) |
|
|
(12,825 |
) |
|
|
(15,849 |
) |
|
|
3,024 |
|
S&P 500 Index |
|
3,035.00 USD |
|
|
1/27/20 |
|
|
|
(61 |
) |
|
|
(6,100 |
) |
|
|
(42,090 |
) |
|
|
(42,395 |
) |
|
|
305 |
|
S&P 500 Index |
|
3,050.00 USD |
|
|
1/27/20 |
|
|
|
(18 |
) |
|
|
(1,800 |
) |
|
|
(13,680 |
) |
|
|
(17,406 |
) |
|
|
3,726 |
|
S&P 500 Index |
|
3,130.00 USD |
|
|
1/27/20 |
|
|
|
(62 |
) |
|
|
5,000 |
|
|
|
(70,750 |
) |
|
|
(98,025 |
) |
|
|
27,275 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/29/20 |
|
|
|
(27 |
) |
|
|
(2,700 |
) |
|
|
(15,120 |
) |
|
|
(21,006 |
) |
|
|
5,886 |
|
S&P 500 Index |
|
3,045.00 USD |
|
|
1/29/20 |
|
|
|
(18 |
) |
|
|
(1,800 |
) |
|
|
(15,480 |
) |
|
|
(21,852 |
) |
|
|
6,372 |
|
S&P 500 Index |
|
3,110.00 USD |
|
|
1/29/20 |
|
|
|
(53 |
) |
|
|
(5,300 |
) |
|
|
(73,405 |
) |
|
|
(100,118 |
) |
|
|
26,713 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
1/31/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(270 |
) |
|
|
(24,467 |
) |
|
|
24,197 |
|
S&P 500 Index |
|
2,400.00 USD |
|
|
1/31/20 |
|
|
|
(18 |
) |
|
|
(1,800 |
) |
|
|
(675 |
) |
|
|
(44,953 |
) |
|
|
44,278 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
1/31/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(382 |
) |
|
|
(22,848 |
) |
|
|
22,466 |
|
S&P 500 Index |
|
2,625.00 USD |
|
|
1/31/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(475 |
) |
|
|
(8,794 |
) |
|
|
8,319 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
1/31/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(550 |
) |
|
|
(8,457 |
) |
|
|
7,907 |
|
S&P 500 Index |
|
2,670.00 USD |
|
|
1/31/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,200 |
) |
|
|
(17,088 |
) |
|
|
15,888 |
|
S&P 500 Index |
|
2,680.00 USD |
|
|
1/31/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,275 |
) |
|
|
(17,234 |
) |
|
|
15,959 |
|
S&P 500 Index |
|
2,690.00 USD |
|
|
1/31/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,325 |
) |
|
|
(18,448 |
) |
|
|
17,123 |
|
S&P 500 Index |
|
2,715.00 USD |
|
|
1/31/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,500 |
) |
|
|
(15,201 |
) |
|
|
13,701 |
|
S&P 500 Index |
|
2,730.00 USD |
|
|
1/31/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(800 |
) |
|
|
(7,476 |
) |
|
|
6,676 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
1/31/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,700 |
) |
|
|
(14,776 |
) |
|
|
13,076 |
|
S&P 500 Index |
|
2,980.00 USD |
|
|
1/31/20 |
|
|
|
(252 |
) |
|
|
(25,200 |
) |
|
|
(161,280 |
) |
|
|
(210,546 |
) |
|
|
49,266 |
|
S&P 500 Index |
|
3,100.00 USD |
|
|
1/31/20 |
|
|
|
(62 |
) |
|
|
(6,200 |
) |
|
|
(89,900 |
) |
|
|
(122,751 |
) |
|
|
32,851 |
|
S&P 500 Index |
|
2,250.00 USD |
|
|
2/21/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(427 |
) |
|
|
(22,116 |
) |
|
|
21,689 |
|
S&P 500 Index |
|
2,300.00 USD |
|
|
2/21/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(495 |
) |
|
|
(23,659 |
) |
|
|
23,164 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
2/21/20 |
|
|
|
(9 |
) |
|
|
(900 |
) |
|
|
(630 |
) |
|
|
(22,027 |
) |
|
|
21,397 |
|
S&P 500 Index |
|
2,375.00 USD |
|
|
2/21/20 |
|
|
|
(18 |
) |
|
|
(1,800 |
) |
|
|
(1,395 |
) |
|
|
(47,048 |
) |
|
|
45,653 |
|
S&P 500 Index |
|
2,700.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,625 |
) |
|
|
(8,729 |
) |
|
|
7,104 |
|
S&P 500 Index |
|
2,705.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,650 |
) |
|
|
(8,407 |
) |
|
|
6,757 |
|
S&P 500 Index |
|
2,720.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,775 |
) |
|
|
(8,387 |
) |
|
|
6,612 |
|
S&P 500 Index |
|
2,730.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,850 |
) |
|
|
(8,401 |
) |
|
|
6,551 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
2/21/20 |
|
|
|
(15 |
) |
|
|
(1,500 |
) |
|
|
(5,775 |
) |
|
|
(24,222 |
) |
|
|
18,447 |
|
S&P 500 Index |
|
2,745.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,975 |
) |
|
|
(7,808 |
) |
|
|
5,833 |
|
S&P 500 Index |
|
2,750.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(2,025 |
) |
|
|
(8,176 |
) |
|
|
6,151 |
|
S&P 500 Index |
|
2,775.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(2,275 |
) |
|
|
(7,350 |
) |
|
|
5,075 |
|
S&P 500 Index |
|
2,795.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(2,525 |
) |
|
|
(7,570 |
) |
|
|
5,045 |
|
S&P 500 Index |
|
2,800.00 USD |
|
|
2/21/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(2,575 |
) |
|
|
(7,517 |
) |
|
|
4,942 |
|
S&P 500 Index |
|
2,805.00 USD |
|
|
2/21/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(5,250 |
) |
|
|
(14,469 |
) |
|
|
9,219 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
2/28/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(780 |
) |
|
|
(22,870 |
) |
|
|
22,090 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
2/28/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(1,160 |
) |
|
|
(21,590 |
) |
|
|
20,430 |
|
S&P 500 Index |
|
2,675.00 USD |
|
|
2/28/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(1,875 |
) |
|
|
(8,938 |
) |
|
|
7,063 |
|
S&P 500 Index |
|
2,730.00 USD |
|
|
2/28/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(4,750 |
) |
|
|
(16,166 |
) |
|
|
11,416 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
2/28/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(2,525 |
) |
|
|
(8,355 |
) |
|
|
5,830 |
|
S&P 500 Index |
|
2,775.00 USD |
|
|
2/28/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(2,950 |
) |
|
|
(7,816 |
) |
|
|
4,866 |
|
S&P 500 Index |
|
2,785.00 USD |
|
|
2/28/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(3,075 |
) |
|
|
(7,963 |
) |
|
|
4,888 |
|
S&P 500 Index |
|
2,740.00 USD |
|
|
3/6/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(6,300 |
) |
|
|
(16,999 |
) |
|
|
10,699 |
|
S&P 500 Index |
|
2,780.00 USD |
|
|
3/6/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(3,775 |
) |
|
|
(8,215 |
) |
|
|
4,440 |
|
S&P 500 Index |
|
2,810.00 USD |
|
|
3/6/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(4,325 |
) |
|
|
(7,694 |
) |
|
|
3,369 |
|
S&P 500 Index |
|
2,175.00 USD |
|
|
3/20/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(1,050 |
) |
|
|
(36,288 |
) |
|
|
35,238 |
|
S&P 500 Index |
|
2,400.00 USD |
|
|
3/20/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(3,480 |
) |
|
|
(43,740 |
) |
|
|
40,260 |
|
S&P 500 Index |
|
2,425.00 USD |
|
|
3/20/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(1,920 |
) |
|
|
(20,710 |
) |
|
|
18,790 |
|
Schedule of Investments
AllianzGI Structured Return Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
3/20/20 |
|
|
|
(16 |
) |
|
$
|
(1,600 |
) |
|
$
|
(4,200 |
) |
|
$
|
(41,900 |
) |
|
$
|
37,700 |
|
S&P 500 Index |
|
2,475.00 USD |
|
|
3/20/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(2,320 |
) |
|
|
(20,868 |
) |
|
|
18,548 |
|
S&P 500 Index |
|
2,830.00 USD |
|
|
3/20/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(12,750 |
) |
|
|
(16,303 |
) |
|
|
3,553 |
|
S&P 500 Index |
|
2,835.00 USD |
|
|
3/20/20 |
|
|
|
(15 |
) |
|
|
(1,500 |
) |
|
|
(19,575 |
) |
|
|
(24,640 |
) |
|
|
5,065 |
|
S&P 500 Index |
|
2,840.00 USD |
|
|
3/20/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(6,650 |
) |
|
|
(8,096 |
) |
|
|
1,446 |
|
S&P 500 Index |
|
2,855.00 USD |
|
|
3/20/20 |
|
|
|
(10 |
) |
|
|
(1,000 |
) |
|
|
(14,200 |
) |
|
|
(15,842 |
) |
|
|
1,642 |
|
S&P 500 Index |
|
2,860.00 USD |
|
|
3/20/20 |
|
|
|
(11 |
) |
|
|
(1,100 |
) |
|
|
(16,005 |
) |
|
|
(17,992 |
) |
|
|
1,987 |
|
S&P 500 Index |
|
2,875.00 USD |
|
|
3/20/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(7,750 |
) |
|
|
(7,865 |
) |
|
|
115 |
|
S&P 500 Index |
|
2,885.00 USD |
|
|
3/20/20 |
|
|
|
(5 |
) |
|
|
(500 |
) |
|
|
(8,100 |
) |
|
|
(7,947 |
) |
|
|
(153 |
) |
S&P 500 Index |
|
2,200.00 USD |
|
|
3/31/20 |
|
|
|
(14 |
) |
|
|
(1,400 |
) |
|
|
(1,960 |
) |
|
|
(46,553 |
) |
|
|
44,593 |
|
S&P 500 Index |
|
2,350.00 USD |
|
|
3/31/20 |
|
|
|
(18 |
) |
|
|
(1,800 |
) |
|
|
(4,050 |
) |
|
|
(50,288 |
) |
|
|
46,238 |
|
S&P 500 Index |
|
2,375.00 USD |
|
|
3/31/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(1,960 |
) |
|
|
(21,862 |
) |
|
|
19,902 |
|
S&P 500 Index |
|
2,425.00 USD |
|
|
4/17/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(3,400 |
) |
|
|
(21,819 |
) |
|
|
18,419 |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
4/17/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(7,440 |
) |
|
|
(39,407 |
) |
|
|
31,967 |
|
S&P 500 Index |
|
2,475.00 USD |
|
|
4/17/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(8,240 |
) |
|
|
(37,958 |
) |
|
|
29,718 |
|
S&P 500 Index |
|
2,500.00 USD |
|
|
4/30/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(11,360 |
) |
|
|
(42,199 |
) |
|
|
30,839 |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
4/30/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(13,600 |
) |
|
|
(40,445 |
) |
|
|
26,845 |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
5/15/20 |
|
|
|
(24 |
) |
|
|
(2,400 |
) |
|
|
(25,440 |
) |
|
|
(64,555 |
) |
|
|
39,115 |
|
S&P 500 Index |
|
2,590.00 USD |
|
|
5/15/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(9,800 |
) |
|
|
(20,777 |
) |
|
|
10,977 |
|
S&P 500 Index |
|
2,525.00 USD |
|
|
5/29/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(9,240 |
) |
|
|
(22,623 |
) |
|
|
13,383 |
|
S&P 500 Index |
|
2,550.00 USD |
|
|
5/29/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(10,080 |
) |
|
|
(20,939 |
) |
|
|
10,859 |
|
S&P 500 Index |
|
2,575.00 USD |
|
|
5/29/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(11,000 |
) |
|
|
(20,623 |
) |
|
|
9,623 |
|
S&P 500 Index |
|
2,600.00 USD |
|
|
5/29/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(23,920 |
) |
|
|
(42,519 |
) |
|
|
18,599 |
|
S&P 500 Index |
|
2,600.00 USD |
|
|
6/19/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(14,920 |
) |
|
|
(22,154 |
) |
|
|
7,234 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
6/19/20 |
|
|
|
(16 |
) |
|
|
(1,600 |
) |
|
|
(35,120 |
) |
|
|
(41,256 |
) |
|
|
6,136 |
|
S&P 500 Index |
|
2,675.00 USD |
|
|
6/19/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(19,000 |
) |
|
|
(20,954 |
) |
|
|
1,954 |
|
S&P 500 Index |
|
2,650.00 USD |
|
|
6/30/20 |
|
|
|
(7 |
) |
|
|
(700 |
) |
|
|
(16,800 |
) |
|
|
(19,245 |
) |
|
|
2,445 |
|
S&P 500 Index |
|
2,675.00 USD |
|
|
6/30/20 |
|
|
|
(8 |
) |
|
|
(800 |
) |
|
|
(20,720 |
) |
|
|
(21,034 |
) |
|
|
314 |
|
S&P 500 Mini Index |
|
308.00 USD |
|
|
1/2/20 |
|
|
|
(96 |
) |
|
|
(9,600 |
) |
|
|
(14 |
) |
|
|
(26,198 |
) |
|
|
26,184 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/2/20 |
|
|
|
(112 |
) |
|
|
(11,200 |
) |
|
|
(324 |
) |
|
|
(12,646 |
) |
|
|
12,322 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/3/20 |
|
|
|
(135 |
) |
|
|
(13,500 |
) |
|
|
(1,553 |
) |
|
|
(14,175 |
) |
|
|
12,622 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/10/20 |
|
|
|
(194 |
) |
|
|
(19,400 |
) |
|
|
(10,282 |
) |
|
|
(18,016 |
) |
|
|
7,734 |
|
S&P 500 Mini Index |
|
270.00 USD |
|
|
1/13/20 |
|
|
|
(123 |
) |
|
|
(12,300 |
) |
|
|
(492 |
) |
|
|
(9,756 |
) |
|
|
9,264 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/13/20 |
|
|
|
(159 |
) |
|
|
(15,900 |
) |
|
|
(11,130 |
) |
|
|
(17,466 |
) |
|
|
6,336 |
|
S&P 500 Mini Index |
|
317.00 USD |
|
|
1/15/20 |
|
|
|
(110 |
) |
|
|
(11,000 |
) |
|
|
(12,430 |
) |
|
|
(16,872 |
) |
|
|
4,442 |
|
S&P 500 Mini Index |
|
314.00 USD |
|
|
1/21/20 |
|
|
|
(97 |
) |
|
|
(9,700 |
) |
|
|
(10,961 |
) |
|
|
(14,570 |
) |
|
|
3,609 |
|
S&P 500 Mini Index |
|
315.00 USD |
|
|
1/22/20 |
|
|
|
(161 |
) |
|
|
(16,100 |
) |
|
|
(21,816 |
) |
|
|
(26,461 |
) |
|
|
4,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total put options |
|
|
|
|
|
|
$ |
(1,730,589 |
) |
|
$ |
(3,875,786 |
) |
|
$ |
2,145,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options written contracts |
|
|
|
|
|
|
$ |
(73,586,442 |
) |
|
$ |
(57,606,496 |
) |
|
$ |
(15,979,946 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
At December 31, 2019, the Fund pledged $1,744,416 in cash as collateral for options written. |
Glossary:
CBOEChicago Board
Options Exchange
Schedule of Investments
AllianzGI U.S. Equity Hedged Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
. |
|
Shares |
|
|
Value^ |
|
|
EXCHANGE-TRADED FUNDS98.7% |
|
|
|
|
SPDR S&P 500 (a)(cost$1,754,969) |
|
|
7,385 |
|
|
$ |
2,376,936 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Purchased0.5% (cost$58,657) (b)(c)(d) |
|
|
|
13,560 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments, before options written (cost$1,813,626)99.2% |
|
|
|
2,390,496 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Options Written(0.3)% (premiums received$5,915) (b)(c)(d) |
|
|
|
(7,995 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
. |
|
|
|
Value^ |
|
|
|
Total Investments, net of options written (cost$1,807,711)98.9% |
|
$ |
2,382,501 |
|
|
|
|
|
|
|
|
|
|
Other assets less other liabilities1.1% |
|
|
26,244 |
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
$ |
2,408,745 |
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
(a) |
All or partial amount segregated for the benefit of the counterparty as collateral for options written. |
(b) |
Non-income producing. |
(c) |
Exchange traded-Chicago Board Options Exchange.
|
(d) |
Exchange traded option contracts outstanding at December 31, 2019: |
Options purchased contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Cost |
|
|
Unrealized Depreciation |
|
Call options: |
|
S&P 500 Index |
|
3,500.00 USD |
|
|
1/10/20 |
|
|
|
4 |
|
|
$ |
400 |
|
|
$ |
10 |
|
|
$ |
31 |
|
|
$ |
(21 |
) |
S&P 500 Index |
|
3,600.00 USD |
|
|
1/17/20 |
|
|
|
3 |
|
|
|
300 |
|
|
|
8 |
|
|
|
24 |
|
|
|
(16 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total call options |
|
|
$ |
18 |
|
|
$ |
55 |
|
|
$ |
(37 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put options: |
|
S&P 500 Index |
|
2,450.00 USD |
|
|
3/20/20 |
|
|
|
1 |
|
|
$ |
100 |
|
|
$ |
262 |
|
|
$ |
6,598 |
|
|
$ |
(6,336 |
) |
S&P 500 Index |
|
2,550.00 USD |
|
|
4/17/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
680 |
|
|
|
6,869 |
|
|
|
(6,189 |
) |
S&P 500 Index |
|
2,500.00 USD |
|
|
5/15/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
895 |
|
|
|
7,412 |
|
|
|
(6,517 |
) |
S&P 500 Index |
|
2,575.00 USD |
|
|
6/19/20 |
|
|
|
2 |
|
|
|
200 |
|
|
|
3,430 |
|
|
|
14,679 |
|
|
|
(11,249 |
) |
S&P 500 Index |
|
2,575.00 USD |
|
|
9/18/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
3,315 |
|
|
|
7,804 |
|
|
|
(4,489 |
) |
S&P 500 Index Flex |
|
2,625.00 USD |
|
|
7/17/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
2,769 |
|
|
|
7,437 |
|
|
|
(4,668 |
) |
S&P 500 Index Flex |
|
2,450.00 USD |
|
|
8/21/20 |
|
|
|
1 |
|
|
|
100 |
|
|
|
2,191 |
|
|
|
7,803 |
|
|
|
(5,612 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total put options |
|
|
$ |
13,542 |
|
|
$ |
58,602 |
|
|
$ |
(45,060 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options purchased contracts |
|
|
$ |
13,560 |
|
|
$ |
58,657 |
|
|
$ |
(45,097 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options written contracts outstanding at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Exercise Price |
|
Expiration Date |
|
|
Number of Contracts |
|
|
Notional Amount |
|
|
Market Value |
|
|
Premiums Received |
|
|
Unrealized Appreciation (Depreciation) |
|
Call options: |
|
S&P 500 Index |
|
3,260.00 USD |
|
|
1/17/20 |
|
|
|
(3 |
) |
|
$ |
(300 |
) |
|
$ |
(4,575 |
) |
|
$ |
(2,398 |
) |
|
$ |
(2,177 |
) |
S&P 500 Index |
|
3,310.00 USD |
|
|
1/31/20 |
|
|
|
(4 |
) |
|
|
(400 |
) |
|
|
(3,420 |
) |
|
|
(3,517 |
) |
|
|
97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total options written contracts |
|
|
$ |
(7,995 |
) |
|
$ |
(5,915 |
) |
|
$ |
(2,080 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
At December 31, 2019, the Fund pledged $299 in cash as collateral for options written. |
Schedule of Investments
AllianzGI Ultra Micro Cap Fund
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK101.0% |
|
|
|
|
|
|
|
Aerospace & Defense1.4% |
|
|
|
|
|
Ducommun, Inc. (a) |
|
|
4,224 |
|
|
$ |
213,439 |
|
|
|
|
|
|
|
|
|
|
|
|
Banks6.5% |
|
|
|
|
|
Atlantic Capital Bancshares, Inc. (a) |
|
|
9,585 |
|
|
|
175,885 |
|
First Foundation, Inc. |
|
|
7,704 |
|
|
|
134,050 |
|
Heritage Commerce Corp. |
|
|
13,068 |
|
|
|
167,662 |
|
Peoples Utah Bancorp |
|
|
4,953 |
|
|
|
149,184 |
|
Preferred Bank |
|
|
3,691 |
|
|
|
221,792 |
|
Tristate Capital Holdings, Inc. (a) |
|
|
4,805 |
|
|
|
125,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
974,080 |
|
|
|
|
|
|
|
|
|
|
Biotechnology12.5% |
|
|
|
|
|
Adverum Biotechnologies, Inc. (a) |
|
|
6,031 |
|
|
|
69,477 |
|
Avrobio, Inc. (a) |
|
|
2,314 |
|
|
|
46,581 |
|
BioSpecifics Technologies Corp. (a) |
|
|
2,242 |
|
|
|
127,659 |
|
Dicerna Pharmaceuticals, Inc. (a) |
|
|
5,622 |
|
|
|
123,853 |
|
Dynavax Technologies Corp. (a) |
|
|
8,439 |
|
|
|
48,271 |
|
Homology Medicines, Inc. (a) |
|
|
3,276 |
|
|
|
67,813 |
|
Intellia Therapeutics, Inc. (a) |
|
|
6,553 |
|
|
|
96,133 |
|
Kadmon Holdings, Inc. (a) |
|
|
16,667 |
|
|
|
75,502 |
|
Kindred Biosciences, Inc. (a) |
|
|
9,268 |
|
|
|
78,593 |
|
Krystal Biotech, Inc. (a) |
|
|
1,228 |
|
|
|
68,007 |
|
Kura Oncology, Inc. (a) |
|
|
5,114 |
|
|
|
70,318 |
|
MeiraGTx Holdings PLC (a) |
|
|
2,355 |
|
|
|
47,147 |
|
Progenics Pharmaceuticals, Inc. (a) |
|
|
9,727 |
|
|
|
49,510 |
|
Stemline Therapeutics, Inc. (a) |
|
|
4,969 |
|
|
|
52,820 |
|
TG Therapeutics, Inc. (a) |
|
|
7,334 |
|
|
|
81,407 |
|
Twist Bioscience Corp. (a) |
|
|
2,657 |
|
|
|
55,797 |
|
Vanda Pharmaceuticals, Inc. (a) |
|
|
5,287 |
|
|
|
86,760 |
|
Veracyte, Inc. (a) |
|
|
11,261 |
|
|
|
314,407 |
|
Vericel Corp. (a) |
|
|
6,717 |
|
|
|
116,876 |
|
Viking Therapeutics, Inc. (a) |
|
|
8,971 |
|
|
|
71,947 |
|
Voyager Therapeutics, Inc. (a) |
|
|
3,806 |
|
|
|
53,094 |
|
ZIOPHARM Oncology, Inc. (a) |
|
|
18,838 |
|
|
|
88,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,890,887 |
|
|
|
|
|
|
|
|
|
|
Construction & Engineering2.6% |
|
|
|
|
|
NV5 Global, Inc. (a) |
|
|
4,309 |
|
|
|
217,389 |
|
Sterling Construction Co., Inc. (a) |
|
|
12,083 |
|
|
|
170,129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
387,518 |
|
|
|
|
|
|
|
|
|
|
Construction Materials0.7% |
|
|
|
|
|
U.S. Concrete, Inc. (a) |
|
|
2,683 |
|
|
|
111,774 |
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Consumer Services0.9% |
|
|
|
|
|
Carriage Services, Inc. |
|
|
5,306 |
|
|
|
135,834 |
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Equipment1.1% |
|
|
|
|
|
Allied Motion Technologies, Inc. |
|
|
3,315 |
|
|
|
160,777 |
|
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components1.9% |
|
Iteris, Inc. (a) |
|
|
19,948 |
|
|
|
99,540 |
|
Napco Security Technologies, Inc. (a) |
|
|
6,658 |
|
|
|
195,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
295,219 |
|
|
|
|
|
|
|
|
|
|
Energy Equipment & Services1.3% |
|
|
|
|
|
DMC Global, Inc. |
|
|
4,222 |
|
|
|
189,737 |
|
|
|
|
|
|
|
|
|
|
|
|
Food Products1.3% |
|
|
|
|
|
John B Sanfilippo & Son, Inc. |
|
|
2,104 |
|
|
|
192,053 |
|
|
|
|
|
|
|
|
|
|
|
|
Healthcare Equipment & Supplies14.8% |
|
|
|
|
|
Alphatec Holdings, Inc. (a) |
|
|
22,648 |
|
|
|
160,688 |
|
Antares Pharma, Inc. (a) |
|
|
39,286 |
|
|
|
184,644 |
|
Axogen, Inc. (a) |
|
|
6,699 |
|
|
|
119,845 |
|
Axonics Modulation Technologies, Inc. (a) |
|
|
4,497 |
|
|
|
124,612 |
|
BioLife Solutions, Inc. (a) |
|
|
8,857 |
|
|
|
143,306 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
CryoLife, Inc. (a) |
|
|
4,491 |
|
|
$
|
121,661 |
|
CryoPort, Inc. (a) |
|
|
16,244 |
|
|
|
267,376 |
|
Mesa Laboratories, Inc. |
|
|
760 |
|
|
|
189,544 |
|
OrthoPediatrics Corp. (a) |
|
|
5,747 |
|
|
|
270,052 |
|
Quotient Ltd. (a) |
|
|
15,981 |
|
|
|
151,979 |
|
Surmodics, Inc. (a) |
|
|
2,994 |
|
|
|
124,041 |
|
Tactile Systems Technology, Inc. (a) |
|
|
3,662 |
|
|
|
247,222 |
|
Zynex, Inc. |
|
|
16,657 |
|
|
|
131,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,236,061 |
|
|
|
|
|
|
|
|
|
|
Healthcare Providers & Services7.4% |
|
|
|
|
|
Addus HomeCare Corp. (a) |
|
|
2,457 |
|
|
|
238,870 |
|
BioTelemetry, Inc. (a) |
|
|
3,176 |
|
|
|
147,049 |
|
Catasys, Inc. (a) |
|
|
10,550 |
|
|
|
172,071 |
|
Fulgent Genetics, Inc. (a) |
|
|
13,236 |
|
|
|
170,744 |
|
Joint Corp. (a) |
|
|
9,935 |
|
|
|
160,351 |
|
RadNet, Inc. (a) |
|
|
10,885 |
|
|
|
220,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,110,050 |
|
|
|
|
|
|
|
|
|
|
Healthcare Technology3.5% |
|
|
|
|
|
Icad, Inc. (a) |
|
|
17,260 |
|
|
|
134,110 |
|
OptimizeRx Corp. (a) |
|
|
7,424 |
|
|
|
76,244 |
|
Tabula Rasa HealthCare, Inc. (a) |
|
|
4,425 |
|
|
|
215,409 |
|
Vocera Communications, Inc. (a) |
|
|
5,055 |
|
|
|
104,942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
530,705 |
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure2.5% |
|
|
|
|
|
Carrols Restaurant Group, Inc. (a) |
|
|
11,850 |
|
|
|
83,543 |
|
Century Casinos, Inc. (a) |
|
|
15,990 |
|
|
|
126,641 |
|
Kura Sushi USA, Inc., Class A (a) |
|
|
6,312 |
|
|
|
160,640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
370,824 |
|
|
|
|
|
|
|
|
|
|
Household Durables1.8% |
|
|
|
|
|
Green Brick Partners, Inc. (a) |
|
|
11,515 |
|
|
|
132,192 |
|
LGI Homes, Inc. (a) |
|
|
1,936 |
|
|
|
136,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
268,970 |
|
|
|
|
|
|
|
|
|
|
Interactive Media & Services3.3% |
|
|
|
|
|
EverQuote, Inc., Class A (a) |
|
|
9,890 |
|
|
|
339,722 |
|
QuinStreet, Inc. (a) |
|
|
10,653 |
|
|
|
163,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
502,819 |
|
|
|
|
|
|
|
|
|
|
Internet & Direct Marketing Retail1.0% |
|
|
|
|
|
Rubicon Project, Inc. (a) |
|
|
19,224 |
|
|
|
156,868 |
|
|
|
|
|
|
|
|
|
|
|
|
IT Services3.5% |
|
|
|
|
|
Brightcove, Inc. (a) |
|
|
16,827 |
|
|
|
146,227 |
|
Hackett Group, Inc. |
|
|
7,575 |
|
|
|
122,260 |
|
Paysign, Inc. (a) |
|
|
9,650 |
|
|
|
97,948 |
|
Perficient, Inc. (a) |
|
|
3,632 |
|
|
|
167,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
533,761 |
|
|
|
|
|
|
|
|
|
|
Life Sciences Tools & Services4.4% |
|
|
|
|
|
Codexis, Inc. (a) |
|
|
5,941 |
|
|
|
94,997 |
|
NanoString Technologies, Inc. (a) |
|
|
3,600 |
|
|
|
100,152 |
|
NeoGenomics, Inc. (a) |
|
|
9,522 |
|
|
|
278,518 |
|
Quanterix Corp. (a) |
|
|
7,828 |
|
|
|
184,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
658,643 |
|
|
|
|
|
|
|
|
|
|
Machinery1.8% |
|
|
|
|
|
LiqTech International, Inc. (a) |
|
|
21,779 |
|
|
|
127,407 |
|
Spartan Motors, Inc. |
|
|
7,902 |
|
|
|
142,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
270,275 |
|
|
|
|
|
|
|
|
|
|
Media3.6% |
|
|
|
|
|
Cardlytics, Inc. (a) |
|
|
5,747 |
|
|
|
361,256 |
|
TechTarget, Inc. (a) |
|
|
7,237 |
|
|
|
188,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
550,142 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals3.8% |
|
|
|
|
|
ANI Pharmaceuticals, Inc. (a) |
|
|
2,412 |
|
|
|
148,748 |
|
Axsome Therapeutics, Inc. (a) |
|
|
2,562 |
|
|
|
264,808 |
|
Schedule of Investments
AllianzGI Ultra Micro Cap Fund
December 31, 2019 (unaudited) (continued)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
|
Cara Therapeutics, Inc. (a) |
|
|
3,850 |
|
|
$
|
62,024 |
|
Collegium Pharmaceutical, Inc. (a) |
|
|
4,711 |
|
|
|
96,952 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
572,532 |
|
|
|
|
|
|
|
|
|
|
Professional Services1.0% |
|
|
|
|
|
CRA International, Inc. |
|
|
2,772 |
|
|
|
150,991 |
|
|
|
|
|
|
|
|
|
|
|
Semiconductors & Semiconductor Equipment5.3% |
|
ACM Research, Inc., Class A (a) |
|
|
12,508 |
|
|
|
230,773 |
|
Adesto Technologies Corp. (a) |
|
|
19,736 |
|
|
|
167,756 |
|
FormFactor, Inc. (a) |
|
|
8,597 |
|
|
|
223,264 |
|
Ichor Holdings Ltd. (a) |
|
|
5,493 |
|
|
|
182,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
804,545 |
|
|
|
|
|
|
|
|
|
|
Software9.5% |
|
|
|
|
|
Agilysys, Inc. (a) |
|
|
7,600 |
|
|
|
193,116 |
|
Cerence, Inc. (a) |
|
|
4,763 |
|
|
|
107,787 |
|
Digital Turbine, Inc. (a) |
|
|
35,179 |
|
|
|
250,826 |
|
Model N, Inc. (a) |
|
|
9,142 |
|
|
|
320,610 |
|
QAD, Inc., Class A |
|
|
3,734 |
|
|
|
190,173 |
|
Upland Software, Inc. (a) |
|
|
6,019 |
|
|
|
214,938 |
|
Zix Corp. (a) |
|
|
22,166 |
|
|
|
150,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,427,735 |
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors0.9% |
|
|
|
|
|
Lawson Products, Inc. (a) |
|
|
2,736 |
|
|
|
142,545 |
|
|
|
|
|
|
|
|
|
|
|
|
Water Utilities1.9% |
|
|
|
|
|
AquaVenture Holdings Ltd. (a) |
|
|
10,338 |
|
|
|
280,366 |
|
|
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services0.8% |
|
|
|
|
|
Boingo Wireless, Inc. (a) |
|
|
10,966 |
|
|
|
120,078 |
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$10,278,942) |
|
|
|
15,239,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
|
|
|
Repurchase Agreements0.7% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $100,001; collateralized by U.S. Treasury Bonds,
3.00%, due 11/15/45, valued at $107,514 including accrued interest (cost$100,000) |
|
$ |
100 |
|
|
|
100,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$10,378,942)101.7% |
|
|
|
15,339,228 |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities in excess of other assets(1.7)% |
|
|
|
(254,334 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
15,084,894 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
Non-income producing.
Schedule of Investments
AllianzGI Water Fund (formerly AllianzGI Global Water Fund)
December 31, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value^ |
|
|
|
COMMON STOCK98.8% |
|
|
|
|
|
|
|
Austria1.3% |
|
|
|
|
|
ANDRITZ AG |
|
|
204,016 |
|
|
$ |
8,770,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil3.4% |
|
|
|
|
|
|
|
|
Cia de Saneamento Basico do Estado de Sao Paulo |
|
|
952,500 |
|
|
|
14,392,788 |
|
Cia de Saneamento do Parana UNIT |
|
|
305,400 |
|
|
|
7,727,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,120,266 |
|
|
|
|
|
|
|
|
|
|
China2.3% |
|
|
|
|
|
China Water Affairs Group Ltd. |
|
|
8,212,000 |
|
|
|
6,144,561 |
|
Guangdong Investment Ltd. |
|
|
4,292,000 |
|
|
|
8,976,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,121,535 |
|
|
|
|
|
|
|
|
|
|
Finland0.4% |
|
|
|
|
|
Uponor Oyj |
|
|
193,959 |
|
|
|
2,536,027 |
|
|
|
|
|
|
|
|
|
|
|
|
France9.6% |
|
|
|
|
|
Suez |
|
|
1,284,389 |
|
|
|
19,462,681 |
|
Veolia Environnement S.A. |
|
|
1,638,943 |
|
|
|
43,609,570 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63,072,251 |
|
|
|
|
|
|
|
|
|
|
Netherlands1.7% |
|
|
|
|
|
Arcadis NV |
|
|
482,308 |
|
|
|
11,293,547 |
|
|
|
|
|
|
|
|
|
|
Sweden3.5% |
|
|
|
|
|
Alfa Laval AB |
|
|
910,747 |
|
|
|
22,936,473 |
|
|
|
|
|
|
|
|
|
|
Switzerland6.3% |
|
|
|
|
|
Geberit AG |
|
|
44,280 |
|
|
|
24,853,541 |
|
Georg Fischer AG |
|
|
8,783 |
|
|
|
8,906,179 |
|
Landis+Gyr Group AG (b) |
|
|
69,285 |
|
|
|
7,201,939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,961,659 |
|
|
|
|
|
|
|
|
|
|
United Kingdom13.7% |
|
|
|
|
|
Halma PLC |
|
|
1,331,376 |
|
|
|
37,282,034 |
|
Pennon Group PLC |
|
|
1,524,582 |
|
|
|
20,678,962 |
|
Severn Trent PLC |
|
|
468,578 |
|
|
|
15,610,060 |
|
United Utilities Group PLC |
|
|
1,307,135 |
|
|
|
16,357,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
89,928,403 |
|
|
|
|
|
|
|
|
|
|
United States56.6% |
|
|
|
|
|
Agilent Technologies, Inc. |
|
|
109,027 |
|
|
|
9,301,093 |
|
American States Water Co. |
|
|
136,450 |
|
|
|
11,822,028 |
|
American Water Works Co., Inc. |
|
|
513,039 |
|
|
|
63,026,841 |
|
AO Smith Corp. |
|
|
130,308 |
|
|
|
6,207,873 |
|
Aqua America, Inc. |
|
|
559,050 |
|
|
|
26,241,807 |
|
California Water Service Group |
|
|
262,495 |
|
|
|
13,534,242 |
|
Danaher Corp. |
|
|
277,138 |
|
|
|
42,535,140 |
|
Ecolab, Inc. |
|
|
67,985 |
|
|
|
13,120,425 |
|
IDEX Corp. |
|
|
216,160 |
|
|
|
37,179,520 |
|
Itron, Inc. (b) |
|
|
181,552 |
|
|
|
15,241,291 |
|
Mueller Water Products, Inc., Class A |
|
|
928,724 |
|
|
|
11,126,114 |
|
PerkinElmer, Inc. |
|
|
195,350 |
|
|
|
18,968,485 |
|
Tetra Tech, Inc. |
|
|
303,267 |
|
|
|
26,129,485 |
|
Thermo Fisher Scientific, Inc. |
|
|
64,303 |
|
|
|
20,890,116 |
|
Waste Management, Inc. |
|
|
158,131 |
|
|
|
18,020,609 |
|
Xylem, Inc. |
|
|
471,751 |
|
|
|
37,169,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
370,514,330 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock (cost$465,657,797) |
|
|
|
647,255,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount (000s) |
|
|
Value^ |
|
|
Repurchase Agreements1.1% |
|
State Street Bank and Trust Co., dated 12/31/19, 0.25%, due 1/2/20, proceeds $6,905,096; collateralized by U.S. Treasury
Bonds, 3.00%, due 11/15/45, valued at $7,045,019 including accrued interest (cost$6,905,000) |
|
$ |
6,905 |
|
|
$
|
6,905,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (cost$472,562,797) (a)99.9% |
|
|
|
654,160,186 |
|
|
|
|
|
|
|
|
|
|
|
|
Other assets less liabilities0.1% |
|
|
|
907,497 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
|
$ |
655,067,683 |
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments:
|
Effective February 1, 2020, AllianzGI Global Water Fund changed its name to AllianzGI Water Fund. |
(a) |
Securities with an aggregate value of $261,130,796, representing 39.9% of net assets, were valued utilizing modeling tools provided by a
third-party vendor. |
(b) |
Non-income producing. |
Glossary:
UNITMore than one class of securities traded together
The industry classification of portfolio holdings and other assets less liabilities shown as a percentage of net assets were as follows:
|
|
|
|
|
Water Utilities |
|
|
31.2 |
% |
Machinery |
|
|
19.3 |
% |
Multi-Utilities |
|
|
9.6 |
% |
Electronic Equipment, Instruments & Components |
|
|
9.1 |
% |
Life Sciences Tools & Services |
|
|
7.5 |
% |
Commercial Services & Supplies |
|
|
6.8 |
% |
Healthcare Equipment & Supplies |
|
|
6.5 |
% |
Building Products |
|
|
5.1 |
% |
Chemicals |
|
|
2.0 |
% |
Construction & Engineering |
|
|
1.7 |
% |
Repurchase Agreements |
|
|
1.1 |
% |
Other assets less liabilities |
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
100.0 |
% |
|
|
|
|
|
^ |
Portfolio securities and other financial instruments for which market quotations are readily available are valued at market value. Market
values for various types of securities and other instruments are determined on the basis of closing prices or last sales prices on an exchange or other market, or based on quotes or other market information obtained from quotation reporting systems,
established market makers or pricing services. Investments in mutual funds are valued at the net asset value (NAV) as reported on each business day, and, under normal circumstances, ETFs are valued at their current market trading price.
The Funds investments are valued daily using prices supplied by an independent pricing service or broker/dealer quotations, or by using the last sale or settlement price on the exchange that is the primary market for such securities, or the
mean between the last bid and ask quotations. The market value for NASDAQ Global Market and NASDAQ Capital Market securities may also be calculated using the NASDAQ Official Closing Price instead of the last reported sales price. Independent pricing
services use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Exchange traded futures are valued at the price determined by the relevant
exchange. Securities purchased on a when-issued or delayed-delivery basis are marked to market daily until settlement at the forward settlement date. |
The Board of Trustees (the Board) of each Fund of the Allianz Funds Multi-Strategy Trust (the Trust) has adopted procedures for valuing portfolio securities and other financial
derivative instruments in circumstances where market quotes are not readily available (including in cases where available market quotes are deemed to be unreliable), and has delegated responsibility for applying the valuation methods to the
investment manager, Allianz Global Investors U.S. LLC (the Investment Manager). The Trusts Valuation Committee was established by the Board to oversee the implementation of the Funds valuation methods and to make fair value
determinations on behalf of the Board, as instructed. The Investment Manager monitors the continued appropriateness of methods applied and identifies circumstances and events that may require fair valuation. The Investment Manager determines if
adjustments should be made in light of market changes, events affecting the issuer or other factors. If the Investment Manager determines that a valuation method may no longer be appropriate, another valuation method previously approved by the
Trusts Valuation Committee may be selected or the Trusts Valuation Committee will be convened to consider the matter and take any appropriate action in accordance with procedures set forth by the Board. The Board shall review and ratify
the appropriateness of the valuation methods and these methods may be amended or supplemented from time to time by the Valuation Committee.
Short-term debt investments having a remaining maturity of 60 days or less are valued at amortized cost unless the Board or its Valuation Committee determines that particular circumstances dictate
otherwise.
Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using
exchange rates obtained from pricing services. As a result, the NAV of each share class of a Fund may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside the United
States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the New York Stock Exchange (NYSE) is closed and the NAV of a Funds shares may change on days when an investor is not able
to purchase or redeem or exchange shares.
The prices used by the Funds to value investments may differ from the value that
would be realized if the investments were sold, and these differences could be material. The NAV of each share class of a Fund is normally determined as of the close of regular trading (normally, 4:00 p.m., Eastern Time) on the NYSE on each day the
NYSE is open for business. In unusual circumstances, the Board or the Valuation Committee may in good faith determine the NAV as of 4:00 p.m., Eastern Time, notwithstanding an earlier, unscheduled close or halt of trading on the NYSE.
The prices of certain portfolio securities or financial instruments may be determined at a time prior to the close of regular trading on
the NYSE. In considering whether fair value pricing is required and in determining fair values, the Funds may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities
indices) that occur after the close of the relevant market and before the time the NAV of each share class of a Fund is calculated. With respect to certain foreign securities, the Funds may fair-value securities using modeling tools provided by
third-party vendors, where appropriate. The Funds have retained a statistical research service to assist in determining the fair value of foreign securities. This service utilizes statistics and programs based on historical performance of markets
and other economic data to assist in making fair value estimates. Fair value estimates used by the Funds for foreign securities may differ from the value realized from the sale of those securities and the difference could be material. Fair value
pricing may require subjective determinations about the value of a security or other assets, and fair values used to determine the NAV of each share class of a Fund may differ from quoted or published prices, or from prices that are used by others,
for the same investments. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets held by a Fund.
Fair Value Measurements
Fair value is defined as the price that would be received to sell
an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants. The three levels of the fair value hierarchy are described below:
|
|
|
Level 1quoted prices in active markets for identical investments that the Funds have the ability to access |
|
|
|
Level 2valuations based on other significant observable inputs, which may include, but are not limited to, quoted prices for similar assets
or liabilities, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates or other market corroborated inputs |
|
|
|
Level 3valuations based on significant unobservable inputs (including the Investment Managers or the Trusts Valuation
Committees own assumptions and securities whose price was determined by using a single brokers quote) |
The
valuation techniques used by the Funds to measure fair value during the three months ended December 31, 2019 were intended to maximize the use of observable inputs and to minimize the use of unobservable inputs.
An investment assets or liabilitys level within the fair value hierarchy is based on the lowest level input, individually or in aggregate,
that is significant to the fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation
techniques used.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with
investing in those securities. The following are certain inputs and techniques that the Funds generally use to evaluate how to classify each major category of assets and liabilities within Level 2 and Level 3, in accordance with accounting
principles generally accepted in the United States of America.
An asset or liability for which market values cannot be measured using the
methodologies described above is valued by methods deemed reasonable in good faith by the Valuation Committee, following the procedures established by the Board, to represent fair value. Under these procedures, the Funds generally use a market-based
approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information. Fair value determinations involve the consideration of a number of subjective factors, an analysis
of applicable facts and circumstances and the exercise of judgment. As a result, it is possible that the fair value for a security determined in good faith in accordance with the Funds valuation procedures may differ from valuations for the
same security determined by other funds using their own valuation procedures. Although the Funds valuation procedures are designed to value a security at the price the Funds may reasonably expect to receive upon the securitys sale in an
orderly transaction, there can be no assurance that any fair value determination thereunder would, in fact, approximate the amount that the Funds would actually realize upon the sale of the security or the price at which the security would trade if
a reliable market price were readily available.
Equity Securities (Common and Preferred Stock and Warrants)Equity securities
traded in inactive markets and certain foreign equity securities are valued using inputs which include broker-dealer quotes, recently executed transactions adjusted for changes in the benchmark index, or evaluated price quotes received from
independent pricing services that take into account the integrity of the market sector and issuer, the individual characteristics of the security, and information received from broker-dealers and other market sources pertaining to the issuer or
security. To the extent that these inputs are observable, the values of equity securities are categorized as Level 2. To the extent that these inputs are unobservable, the values are categorized as Level 3.
U.S. Treasury ObligationsU.S. Treasury obligations are valued by independent pricing services based on pricing models that evaluate the mean
between the most recently quoted bid and ask price. The models also take into consideration data received from active market makers and broker-dealers, yield curves, and the spread over comparable U.S. Treasury issues. The spreads change daily in
response to market conditions and are generally obtained from the new issue market and broker-dealer sources. To the extent that these inputs are observable, the values of U.S. Treasury obligations are categorized as Level 2. To the extent that
these inputs are unobservable, the values are categorized as Level 3.
Government Sponsored Enterprise and Mortgage-Backed
SecuritiesGovernment sponsored enterprise and mortgage-backed securities are valued by independent pricing services using pricing models based on inputs that include issuer type, coupon, cash flows, mortgage prepayment projection tables
and Adjustable Rate Mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent that these inputs are observable, the values of government sponsored enterprise and mortgage-backed securities are
categorized as Level 2. To the extent that these inputs are unobservable, the values are categorized as Level 3.
Sovereign Debt
ObligationsSovereign debt obligations are valued by independent pricing services based on discounted cash flow models that incorporate option adjusted spreads along with benchmark curves and credit spreads. In addition, international bond
markets are monitored regularly for information pertaining to the issuer and/or the specific issue. To the extent that these inputs are observable, the values of sovereign debt obligations are categorized as Level 2. To the extent that these
inputs are unobservable, the values are categorized as Level 3.
Corporate Bonds & NotesCorporate
bonds & notes are generally comprised of two main categories: investment grade bonds and high yield bonds. Investment grade bonds are valued by independent pricing services using various inputs and techniques, which include broker-dealer
quotations, live trading levels, recently executed transactions in securities of the issuer or comparable issuers, and option adjusted spread models that include base curve and spread curve inputs. Adjustments to individual bonds can be applied to
recognize trading differences compared to other bonds issued by the same issuer. High yield bonds are valued by independent pricing services based primarily on broker-dealer quotations from relevant market makers and recently executed transactions
in securities of the issuer or comparable issuers. The broker-dealer quotations received are supported by credit analysis of the issuer that takes into consideration credit quality assessments, daily trading activity, and the activity of the
underlying equities, listed bonds and sector-
specific trends. To the extent that these inputs are observable, the values of corporate bonds & notes are categorized as Level 2. To the extent that these inputs are unobservable,
the values are categorized as Level 3.
Convertible Bonds & NotesConvertible bonds & notes
are valued by independent pricing services based on various inputs and techniques, which include broker-dealer quotations from relevant market makers and recently executed transactions in securities of the issuer or comparable issuers. The
broker-dealer quotations received are supported by credit analysis of the issuer that takes into consideration credit quality assessments, daily trading activity, and the activity of the underlying equities, listed bonds and sector-specific trends.
To the extent that these inputs are observable, the values of convertible bonds & notes are categorized as Level 2. To the extent that these inputs are unobservable, the values are categorized as Level 3.
Option ContractsOption contracts traded over-the-counter
(OTC) and FLexible EXchange (FLEX) options are valued by independent pricing services based on pricing models that incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility
measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable, the values of OTC and FLEX option contracts are categorized as
Level 2. To the extent that these inputs are unobservable, the values are categorized as Level 3.
Forward Foreign Currency
ContractsForward foreign currency contracts are valued by independent pricing services using various inputs and techniques, which include broker-dealer quotations, actual trading information and foreign currency exchange rates gathered
from leading market makers and foreign currency exchange trading centers throughout the world. To the extent that these inputs are observable, the values of forward foreign currency contracts are categorized as Level 2. To the extent that these
inputs are unobservable, the values are categorized as Level 3.
Credit Default SwapsOTC credit default swaps are valued by
independent pricing services using pricing models that take into account, among other factors, information received from market makers and broker/dealers, default probabilities from index specific credit spread curves, recovery rates, and cash
flows. To the extent that these inputs are observable, the values of credit default swaps are categorized as Level 2. To the extent that these inputs are unobservable, the values are categorized as Level 3.
Senior LoansSenior Loans generally are valued by independent pricing services based on the average of quoted prices received from multiple
dealers or valued relative to other benchmark securities when broker-dealer quotes are unavailable. These quoted prices are based on interest rates, yield curves, option adjusted spreads, credit spreads and/or other criteria. To the extent that
these inputs are observable, the values of Senior Loans are categorized as Level 2. To the extent that these inputs are unobservable, the values are categorized as Level 3.
A summary of the inputs used at December 31, 2019 in valuing each Funds assets and liabilities is listed below (refer to the Schedules of Investments and Notes to Schedule of Investments for
more detailed information on Investments in Securities and Other Financial Instruments):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Retirement 2020: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds |
|
$ |
14,549,639 |
|
|
|
|
|
|
|
|
|
|
$ |
14,549,639 |
|
Exchange-Traded Funds |
|
|
459,162 |
|
|
|
|
|
|
|
|
|
|
|
459,162 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
433,000 |
|
|
|
|
|
|
|
433,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,008,801 |
|
|
|
433,000 |
|
|
|
|
|
|
|
15,441,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
3,655 |
|
|
|
|
|
|
|
|
|
|
|
3,655 |
|
Interest Rate Contracts |
|
|
7,734 |
|
|
|
|
|
|
|
|
|
|
|
7,734 |
|
Market Price |
|
|
3,408 |
|
|
|
|
|
|
|
|
|
|
|
3,408 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,797 |
|
|
|
|
|
|
|
|
|
|
|
14,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(3,505 |
) |
|
|
|
|
|
|
|
|
|
|
(3,505 |
) |
Interest Rate Contracts |
|
|
(9,323 |
) |
|
|
|
|
|
|
|
|
|
|
(9,323 |
) |
Market Price |
|
|
(26,671 |
) |
|
|
|
|
|
|
|
|
|
|
(26,671 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(39,499 |
) |
|
|
|
|
|
|
|
|
|
|
(39,499 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
14,984,099 |
|
|
$ |
433,000 |
|
|
|
|
|
|
$ |
15,417,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Retirement 2025: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
19,270,362 |
|
|
|
|
|
|
|
|
|
|
$ |
19,270,362 |
|
Exchange-Traded Funds |
|
|
502,161 |
|
|
|
|
|
|
|
|
|
|
|
502,161 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
505,000 |
|
|
|
|
|
|
|
505,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,772,523 |
|
|
|
505,000 |
|
|
|
|
|
|
|
20,277,523 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
5,482 |
|
|
|
|
|
|
|
|
|
|
|
5,482 |
|
Interest Rate Contracts |
|
|
7,735 |
|
|
|
|
|
|
|
|
|
|
|
7,735 |
|
Market Price |
|
|
4,545 |
|
|
|
|
|
|
|
|
|
|
|
4,545 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,762 |
|
|
|
|
|
|
|
|
|
|
|
17,762 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(5,260 |
) |
|
|
|
|
|
|
|
|
|
|
(5,260 |
) |
Interest Rate Contracts |
|
|
(7,727 |
) |
|
|
|
|
|
|
|
|
|
|
(7,727 |
) |
Market Price |
|
|
(29,596 |
) |
|
|
|
|
|
|
|
|
|
|
(29,596 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(42,583 |
) |
|
|
|
|
|
|
|
|
|
|
(42,583 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
19,747,702 |
|
|
$ |
505,000 |
|
|
|
|
|
|
$ |
20,252,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Retirement 2030: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
27,585,117 |
|
|
|
|
|
|
|
|
|
|
$ |
27,585,117 |
|
Exchange-Traded Funds |
|
|
290,524 |
|
|
|
|
|
|
|
|
|
|
|
290,524 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
791,000 |
|
|
|
|
|
|
|
791,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,875,641 |
|
|
|
791,000 |
|
|
|
|
|
|
|
28,666,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
7,309 |
|
|
|
|
|
|
|
|
|
|
|
7,309 |
|
Interest Rate Contracts |
|
|
27,213 |
|
|
|
|
|
|
|
|
|
|
|
27,213 |
|
Market Price |
|
|
20,686 |
|
|
|
|
|
|
|
|
|
|
|
20,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,208 |
|
|
|
|
|
|
|
|
|
|
|
55,208 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(7,741 |
) |
|
|
|
|
|
|
|
|
|
|
(7,741 |
) |
Interest Rate Contracts |
|
|
(14,108 |
) |
|
|
|
|
|
|
|
|
|
|
(14,108 |
) |
Market Price |
|
|
(30,225 |
) |
|
|
|
|
|
|
|
|
|
|
(30,225 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(52,074 |
) |
|
|
|
|
|
|
|
|
|
|
(52,074 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
27,878,775 |
|
|
$ |
791,000 |
|
|
|
|
|
|
$ |
28,669,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Retirement 2035: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
21,955,747 |
|
|
|
|
|
|
|
|
|
|
$ |
21,955,747 |
|
Exchange-Traded Funds |
|
|
268,844 |
|
|
|
|
|
|
|
|
|
|
|
268,844 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
703,000 |
|
|
|
|
|
|
|
703,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,224,591 |
|
|
|
703,000 |
|
|
|
|
|
|
|
22,927,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
5,482 |
|
|
|
|
|
|
|
|
|
|
|
5,482 |
|
Interest Rate Contracts |
|
|
17,801 |
|
|
|
|
|
|
|
|
|
|
|
17,801 |
|
Market Price |
|
|
16,295 |
|
|
|
|
|
|
|
|
|
|
|
16,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,578 |
|
|
|
|
|
|
|
|
|
|
|
39,578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(6,203 |
) |
|
|
|
|
|
|
|
|
|
|
(6,203 |
) |
Interest Rate Contracts |
|
|
(7,954 |
) |
|
|
|
|
|
|
|
|
|
|
(7,954 |
) |
Market Price |
|
|
(16,557 |
) |
|
|
|
|
|
|
|
|
|
|
(16,557 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(30,714 |
) |
|
|
|
|
|
|
|
|
|
|
(30,714 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
22,233,455 |
|
|
$ |
703,000 |
|
|
|
|
|
|
$ |
22,936,455 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Retirement 2040: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
25,037,124 |
|
|
|
|
|
|
|
|
|
|
$ |
25,037,124 |
|
Exchange-Traded Funds |
|
|
265,903 |
|
|
|
|
|
|
|
|
|
|
|
265,903 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
793,000 |
|
|
|
|
|
|
|
793,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,303,027 |
|
|
|
793,000 |
|
|
|
|
|
|
|
26,096,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
5,482 |
|
|
|
|
|
|
|
|
|
|
|
5,482 |
|
Interest Rate Contracts |
|
|
25,535 |
|
|
|
|
|
|
|
|
|
|
|
25,535 |
|
Market Price |
|
|
31,306 |
|
|
|
|
|
|
|
|
|
|
|
31,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,323 |
|
|
|
|
|
|
|
|
|
|
|
62,323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(6,715 |
) |
|
|
|
|
|
|
|
|
|
|
(6,715 |
) |
Interest Rate Contracts |
|
|
(13,878 |
) |
|
|
|
|
|
|
|
|
|
|
(13,878 |
) |
Market Price |
|
|
(9,224 |
) |
|
|
|
|
|
|
|
|
|
|
(9,224 |
) |
|
|
|
(29,817 |
) |
|
|
|
|
|
|
|
|
|
|
(29,817 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
25,335,533 |
|
|
$ |
793,000 |
|
|
|
|
|
|
$ |
26,128,533 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Retirement 2045: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
14,826,538 |
|
|
|
|
|
|
|
|
|
|
$ |
14,826,538 |
|
Exchange-Traded Funds |
|
|
159,949 |
|
|
|
|
|
|
|
|
|
|
|
159,949 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
739,000 |
|
|
|
|
|
|
|
739,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,986,487 |
|
|
|
739,000 |
|
|
|
|
|
|
|
15,725,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
3,655 |
|
|
|
|
|
|
|
|
|
|
|
3,655 |
|
Interest Rate Contracts |
|
|
14,445 |
|
|
|
|
|
|
|
|
|
|
|
14,445 |
|
Market Price |
|
|
24,659 |
|
|
|
|
|
|
|
|
|
|
|
24,659 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42,759 |
|
|
|
|
|
|
|
|
|
|
|
42,759 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(4,019 |
) |
|
|
|
|
|
|
|
|
|
|
(4,019 |
) |
Interest Rate Contracts |
|
|
(7,261 |
) |
|
|
|
|
|
|
|
|
|
|
(7,261 |
) |
Market Price |
|
|
(6,349 |
) |
|
|
|
|
|
|
|
|
|
|
(6,349 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(17,629 |
) |
|
|
|
|
|
|
|
|
|
|
(17,629 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
15,011,617 |
|
|
$ |
739,000 |
|
|
|
|
|
|
$ |
15,750,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Retirement 2050: |
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
21,739,059 |
|
|
|
|
|
|
|
|
|
|
$ |
21,739,059 |
|
Exchange-Traded Funds |
|
|
499,220 |
|
|
|
|
|
|
|
|
|
|
|
499,220 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
937,000 |
|
|
|
|
|
|
|
937,000 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
295,745 |
|
|
|
|
|
|
|
295,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,238,279 |
|
|
|
1,232,745 |
|
|
|
|
|
|
|
23,471,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
5,482 |
|
|
|
|
|
|
|
|
|
|
|
5,482 |
|
Interest Rate Contracts |
|
|
16,123 |
|
|
|
|
|
|
|
|
|
|
|
16,123 |
|
Market Price |
|
|
36,403 |
|
|
|
|
|
|
|
|
|
|
|
36,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58,008 |
|
|
|
|
|
|
|
|
|
|
|
58,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(6,203 |
) |
|
|
|
|
|
|
|
|
|
|
(6,203 |
) |
Interest Rate Contracts |
|
|
(7,761 |
) |
|
|
|
|
|
|
|
|
|
|
(7,761 |
) |
Market Price |
|
|
(6,349 |
) |
|
|
|
|
|
|
|
|
|
|
(6,349 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20,313 |
) |
|
|
|
|
|
|
|
|
|
|
(20,313 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
22,275,974 |
|
|
$ |
1,232,745 |
|
|
|
|
|
|
$ |
23,508,719 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Retirement 2055: |
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
10,693,097 |
|
|
|
|
|
|
|
|
|
|
$ |
10,693,097 |
|
Exchange-Traded Funds |
|
|
426,978 |
|
|
|
|
|
|
|
|
|
|
|
426,978 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
799,000 |
|
|
|
|
|
|
|
799,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,120,075 |
|
|
|
799,000 |
|
|
|
|
|
|
|
11,919,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
3,655 |
|
|
|
|
|
|
|
|
|
|
|
3,655 |
|
Interest Rate Contracts |
|
|
5,033 |
|
|
|
|
|
|
|
|
|
|
|
5,033 |
|
Market Price |
|
|
15,801 |
|
|
|
|
|
|
|
|
|
|
|
15,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,489 |
|
|
|
|
|
|
|
|
|
|
|
24,489 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(3,208 |
) |
|
|
|
|
|
|
|
|
|
|
(3,208 |
) |
Interest Rate Contracts |
|
|
(1,117 |
) |
|
|
|
|
|
|
|
|
|
|
(1,117 |
) |
Market Price |
|
|
(2,208 |
) |
|
|
|
|
|
|
|
|
|
|
(2,208 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(6,533 |
) |
|
|
|
|
|
|
|
|
|
|
(6,533 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
11,138,031 |
|
|
$ |
799,000 |
|
|
|
|
|
|
$ |
11,937,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Multi Asset Income: |
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
12,608,235 |
|
|
|
|
|
|
|
|
|
|
$ |
12,608,235 |
|
Common Stock: |
|
Tobacco |
|
|
388,018 |
|
|
$ |
474,297 |
|
|
|
|
|
|
|
862,315 |
|
All Other |
|
|
3,924,703 |
|
|
|
|
|
|
|
|
|
|
|
3,924,703 |
|
Exchange-Traded Funds |
|
|
2,367,389 |
|
|
|
|
|
|
|
|
|
|
|
2,367,389 |
|
Repurchase Agreements |
|
|
|
|
|
|
1,708,000 |
|
|
|
|
|
|
|
1,708,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,288,345 |
|
|
|
2,182,297 |
|
|
|
|
|
|
|
21,470,642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Interest Rate Contracts |
|
|
45 |
|
|
|
|
|
|
|
|
|
|
|
45 |
|
Market Price |
|
|
52,806 |
|
|
|
|
|
|
|
|
|
|
|
52,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,851 |
|
|
|
|
|
|
|
|
|
|
|
52,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Interest Rate Contracts |
|
|
(70,035 |
) |
|
|
|
|
|
|
|
|
|
|
(70,035 |
) |
Market Price |
|
|
(18,512 |
) |
|
|
|
|
|
|
|
|
|
|
(18,512 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(88,547 |
) |
|
|
|
|
|
|
|
|
|
|
(88,547 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
19,252,649 |
|
|
$ |
2,182,297 |
|
|
|
|
|
|
$ |
21,434,946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Global Allocation: |
|
Investments in SecuritiesAssets |
|
Mutual Funds |
|
$ |
259,340,959 |
|
|
|
|
|
|
|
|
|
|
$ |
259,340,959 |
|
Corporate Bonds & Notes |
|
|
|
|
|
$ |
45,596,612 |
|
|
|
|
|
|
|
45,596,612 |
|
Exchange-Traded Funds |
|
|
4,735,108 |
|
|
|
|
|
|
|
|
|
|
|
4,735,108 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
1,424,586 |
|
|
|
|
|
|
|
1,424,586 |
|
Repurchase Agreements |
|
|
|
|
|
|
7,729,000 |
|
|
|
|
|
|
|
7,729,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
264,076,067 |
|
|
|
54,750,198 |
|
|
|
|
|
|
|
318,826,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Interest Rate Contracts |
|
|
30,974 |
|
|
|
|
|
|
|
|
|
|
|
30,974 |
|
Market Price |
|
|
216,294 |
|
|
|
|
|
|
|
|
|
|
|
216,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
247,268 |
|
|
|
|
|
|
|
|
|
|
|
247,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
(11,139 |
) |
|
|
|
|
|
|
|
|
|
|
(11,139 |
) |
Interest Rate Contracts |
|
|
(401,330 |
) |
|
|
|
|
|
|
|
|
|
|
(401,330 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(412,469 |
) |
|
|
|
|
|
|
|
|
|
|
(412,469 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
263,910,866 |
|
|
$ |
54,750,198 |
|
|
|
|
|
|
$ |
318,661,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Best Styles Global Equity: |
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Australia |
|
|
|
|
|
$ |
5,974,263 |
|
|
|
|
|
|
$ |
5,974,263 |
|
Austria |
|
$ |
232,981 |
|
|
|
1,074,789 |
|
|
|
|
|
|
|
1,307,770 |
|
Brazil |
|
|
|
|
|
|
1,321,846 |
|
|
|
|
|
|
|
1,321,846 |
|
Chile |
|
|
170,206 |
|
|
|
349,287 |
|
|
|
|
|
|
|
519,493 |
|
China |
|
|
2,714,845 |
|
|
|
8,837,029 |
|
|
|
|
|
|
|
11,551,874 |
|
Denmark |
|
|
746,899 |
|
|
|
214,891 |
|
|
|
|
|
|
|
961,790 |
|
Finland |
|
|
|
|
|
|
920,527 |
|
|
|
|
|
|
|
920,527 |
|
France |
|
|
801,416 |
|
|
|
9,294,202 |
|
|
|
|
|
|
|
10,095,618 |
|
Germany |
|
|
215,105 |
|
|
|
4,447,938 |
|
|
|
|
|
|
|
4,663,043 |
|
Hong Kong |
|
|
|
|
|
|
1,867,159 |
|
|
|
|
|
|
|
1,867,159 |
|
Hungary |
|
|
|
|
|
|
379,125 |
|
|
|
|
|
|
|
379,125 |
|
Indonesia |
|
|
|
|
|
|
1,374,293 |
|
|
|
|
|
|
|
1,374,293 |
|
Ireland |
|
|
154,862 |
|
|
|
318,376 |
|
|
|
|
|
|
|
473,238 |
|
Israel |
|
|
104,713 |
|
|
|
896,834 |
|
|
|
|
|
|
|
1,001,547 |
|
Italy |
|
|
453,983 |
|
|
|
3,084,006 |
|
|
|
|
|
|
|
3,537,989 |
|
Japan |
|
|
|
|
|
|
17,069,359 |
|
|
|
|
|
|
|
17,069,359 |
|
Korea (Republic of) |
|
|
940,084 |
|
|
|
2,694,383 |
|
|
|
|
|
|
|
3,634,467 |
|
Malaysia |
|
|
517,076 |
|
|
|
694,131 |
|
|
|
|
|
|
|
1,211,207 |
|
Netherlands |
|
|
474,697 |
|
|
|
2,285,184 |
|
|
|
|
|
|
|
2,759,881 |
|
New Zealand |
|
|
618,294 |
|
|
|
973,508 |
|
|
|
|
|
|
|
1,591,802 |
|
Norway |
|
|
556,865 |
|
|
|
1,891,347 |
|
|
|
|
|
|
|
2,448,212 |
|
Philippines |
|
|
629,873 |
|
|
|
377,377 |
|
|
|
|
|
|
|
1,007,250 |
|
Poland |
|
|
|
|
|
|
233,855 |
|
|
|
|
|
|
|
233,855 |
|
Qatar |
|
|
233,467 |
|
|
|
162,697 |
|
|
|
|
|
|
|
396,164 |
|
Singapore |
|
|
|
|
|
|
281,233 |
|
|
|
|
|
|
|
281,233 |
|
Spain |
|
|
|
|
|
|
1,992,034 |
|
|
|
|
|
|
|
1,992,034 |
|
Sweden |
|
|
153,216 |
|
|
|
1,793,455 |
|
|
|
|
|
|
|
1,946,671 |
|
Switzerland |
|
|
|
|
|
|
4,388,070 |
|
|
|
|
|
|
|
4,388,070 |
|
Taiwan |
|
|
1,106,729 |
|
|
|
4,391,409 |
|
|
|
|
|
|
|
5,498,138 |
|
Thailand |
|
|
|
|
|
|
|
|
|
$ |
1,531,617 |
|
|
|
1,531,617 |
|
Turkey |
|
|
189,145 |
|
|
|
1,219,019 |
|
|
|
|
|
|
|
1,408,164 |
|
United Arab Emirates |
|
|
|
|
|
|
609,646 |
|
|
|
|
|
|
|
609,646 |
|
United Kingdom |
|
|
689,593 |
|
|
|
8,554,466 |
|
|
|
|
|
|
|
9,244,059 |
|
All Other |
|
|
113,065,115 |
|
|
|
|
|
|
|
|
|
|
|
113,065,115 |
|
Preferred Stock |
|
|
|
|
|
|
1,599,628 |
|
|
|
|
|
|
|
1,599,628 |
|
Exchange-Traded Funds |
|
|
536,233 |
|
|
|
|
|
|
|
|
|
|
|
536,233 |
|
Rights |
|
|
9,737 |
|
|
|
|
|
|
|
|
|
|
|
9,737 |
|
Repurchase Agreements |
|
|
|
|
|
|
1,218,000 |
|
|
|
|
|
|
|
1,218,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
125,315,134 |
|
|
$ |
92,783,366 |
|
|
$ |
1,531,617 |
|
|
$ |
219,630,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actual amount rounds to less than $1. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Best Styles International Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Austria |
|
$ |
32,354 |
|
|
$ |
114,659 |
|
|
|
|
|
|
$ |
147,013 |
|
Belgium |
|
|
19,680 |
|
|
|
117,249 |
|
|
|
|
|
|
|
136,929 |
|
Brazil |
|
|
26,832 |
|
|
|
18,761 |
|
|
|
|
|
|
|
45,593 |
|
Canada |
|
|
288,586 |
|
|
|
|
|
|
|
|
|
|
|
288,586 |
|
China |
|
|
21,834 |
|
|
|
298,600 |
|
|
|
|
|
|
|
320,434 |
|
Denmark |
|
|
129,496 |
|
|
|
253,689 |
|
|
|
|
|
|
|
383,185 |
|
Finland |
|
|
15,085 |
|
|
|
194,347 |
|
|
|
|
|
|
|
209,432 |
|
France |
|
|
50,244 |
|
|
|
2,166,067 |
|
|
|
|
|
|
|
2,216,311 |
|
Germany |
|
|
343,621 |
|
|
|
980,891 |
|
|
|
|
|
|
|
1,324,512 |
|
Ireland |
|
|
25,739 |
|
|
|
66,787 |
|
|
|
|
|
|
|
92,526 |
|
Italy |
|
|
11,728 |
|
|
|
1,023,900 |
|
|
|
|
|
|
|
1,035,628 |
|
Japan |
|
|
17,597 |
|
|
|
6,099,339 |
|
|
|
|
|
|
|
6,116,936 |
|
Mexico |
|
|
66,010 |
|
|
|
|
|
|
|
|
|
|
|
66,010 |
|
New Zealand |
|
|
65,201 |
|
|
|
36,091 |
|
|
|
|
|
|
|
101,292 |
|
Norway |
|
|
84,211 |
|
|
|
301,076 |
|
|
|
|
|
|
|
385,287 |
|
Philippines |
|
|
4,786 |
|
|
|
|
|
|
|
|
|
|
|
4,786 |
|
Singapore |
|
|
11,232 |
|
|
|
433,758 |
|
|
$ |
22,533 |
|
|
|
467,523 |
|
Sweden |
|
|
160,307 |
|
|
|
267,335 |
|
|
|
|
|
|
|
427,642 |
|
Switzerland |
|
|
21,737 |
|
|
|
2,248,916 |
|
|
|
|
|
|
|
2,270,653 |
|
Thailand |
|
|
|
|
|
|
|
|
|
|
60,439 |
|
|
|
60,439 |
|
Turkey |
|
|
11,530 |
|
|
|
8,346 |
|
|
|
|
|
|
|
19,876 |
|
United Kingdom |
|
|
379,565 |
|
|
|
3,392,106 |
|
|
|
|
|
|
|
3,771,671 |
|
All Other |
|
|
|
|
|
|
4,244,764 |
|
|
|
|
|
|
|
4,244,764 |
|
Preferred Stock |
|
|
|
|
|
|
173,218 |
|
|
|
|
|
|
|
173,218 |
|
Exchange-Traded Funds |
|
|
62,174 |
|
|
|
|
|
|
|
|
|
|
|
62,174 |
|
Rights |
|
|
4,427 |
|
|
|
|
|
|
|
|
|
|
|
4,427 |
|
Repurchase Agreements |
|
|
|
|
|
|
255,000 |
|
|
|
|
|
|
|
255,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
1,853,976 |
|
|
$ |
22,694,899 |
|
|
$ |
82,972 |
|
|
$ |
24,631,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Best Styles U.S. Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock |
|
$ |
46,934,480 |
|
|
|
|
|
|
|
|
|
|
$ |
46,934,480 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
621,000 |
|
|
|
|
|
|
|
621,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
46,934,480 |
|
|
$ |
621,000 |
|
|
|
|
|
|
$ |
47,555,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Convertible: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Convertible Bonds & Notes: |
|
Diversified Financial Services |
|
|
|
|
|
$ |
2,044,797 |
|
|
$ |
4,835,505 |
|
|
$ |
6,880,302 |
|
All Other |
|
|
|
|
|
|
647,709,806 |
|
|
|
|
|
|
|
647,709,806 |
|
Convertible Preferred Stock |
|
$ |
142,042,842 |
|
|
|
|
|
|
|
|
|
|
|
142,042,842 |
|
Repurchase Agreements |
|
|
|
|
|
|
28,778,000 |
|
|
|
|
|
|
|
28,778,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
142,042,842 |
|
|
$ |
678,532,603 |
|
|
$ |
4,835,505 |
|
|
$ |
825,410,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Core Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
U.S. Government Agency Securities |
|
|
|
|
|
$ |
12,955,527 |
|
|
|
|
|
|
$ |
12,955,527 |
|
Corporate Bonds & Notes |
|
|
|
|
|
|
9,251,498 |
|
|
|
|
|
|
|
9,251,498 |
|
Asset-Backed Securities |
|
|
|
|
|
|
6,897,178 |
|
|
|
|
|
|
|
6,897,178 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
6,057,345 |
|
|
|
|
|
|
|
6,057,345 |
|
Mortgage-Backed Securities |
|
|
|
|
|
|
792,110 |
|
|
|
|
|
|
|
792,110 |
|
Preferred Stock |
|
$ |
199,465 |
|
|
|
|
|
|
|
|
|
|
|
199,465 |
|
Repurchase Agreements |
|
|
|
|
|
|
1,160,000 |
|
|
|
|
|
|
|
1,160,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
199,465 |
|
|
|
37,113,658 |
|
|
|
|
|
|
|
37,313,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Credit Contracts |
|
|
|
|
|
|
529 |
|
|
|
|
|
|
|
529 |
|
Interest Rate Contracts |
|
|
8,858 |
|
|
|
|
|
|
|
|
|
|
|
8,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,858 |
|
|
|
529 |
|
|
|
|
|
|
|
9,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Credit Contracts |
|
|
|
|
|
|
(22,082 |
) |
|
|
|
|
|
|
(22,082 |
) |
Interest Rate Contracts |
|
|
(68,472 |
) |
|
|
|
|
|
|
|
|
|
|
(68,472 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(68,472 |
) |
|
|
(22,082 |
) |
|
|
|
|
|
|
(90,554 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
139,851 |
|
|
$ |
37,092,105 |
|
|
|
|
|
|
$ |
37,231,956 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Core Plus Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
U.S. Government Agency Securities |
|
|
|
|
|
$ |
21,337,522 |
|
|
|
|
|
|
$ |
21,337,522 |
|
Corporate Bonds & Notes |
|
|
|
|
|
|
19,051,353 |
|
|
|
|
|
|
|
19,051,353 |
|
Asset-Backed Securities |
|
|
|
|
|
|
15,962,346 |
|
|
|
|
|
|
|
15,962,346 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
1,689,841 |
|
|
|
|
|
|
|
1,689,841 |
|
Preferred Stock |
|
$ |
1,495,191 |
|
|
|
|
|
|
|
|
|
|
|
1,495,191 |
|
Mortgage-Backed Securities |
|
|
|
|
|
|
1,366,873 |
|
|
|
|
|
|
|
1,366,873 |
|
Repurchase Agreements |
|
|
|
|
|
|
3,454,000 |
|
|
|
|
|
|
|
3,454,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,495,191 |
|
|
|
62,861,935 |
|
|
|
|
|
|
|
64,357,126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Credit Contracts |
|
|
|
|
|
|
8,733 |
|
|
|
|
|
|
|
8,733 |
|
Interest Rate Contracts |
|
|
8,763 |
|
|
|
|
|
|
|
|
|
|
|
8,763 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,763 |
|
|
|
8,733 |
|
|
|
|
|
|
|
17,496 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Credit Contracts |
|
|
|
|
|
|
(92,162 |
) |
|
|
|
|
|
|
(92,162 |
) |
Interest Rate Contracts |
|
|
(186,362 |
) |
|
|
|
|
|
|
|
|
|
|
(186,362 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(186,362 |
) |
|
|
(92,162 |
) |
|
|
|
|
|
|
(278,524 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
1,317,592 |
|
|
$ |
62,778,506 |
|
|
|
|
|
|
$ |
64,096,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Emerging Markets Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Brazil |
|
$ |
196,142 |
|
|
$ |
2,597,373 |
|
|
|
|
|
|
$ |
2,793,515 |
|
Canada |
|
|
796,088 |
|
|
|
|
|
|
|
|
|
|
|
796,088 |
|
China |
|
|
4,381,107 |
|
|
|
10,799,122 |
|
|
|
|
|
|
|
15,180,229 |
|
India |
|
|
1,553,832 |
|
|
|
1,085,336 |
|
|
|
|
|
|
|
2,639,168 |
|
Mexico |
|
|
911,501 |
|
|
|
|
|
|
|
|
|
|
|
911,501 |
|
Philippines |
|
|
285,716 |
|
|
|
379,387 |
|
|
$ |
589 |
|
|
|
665,692 |
|
Russian Federation |
|
|
603,418 |
|
|
|
|
|
|
|
|
|
|
|
603,418 |
|
Thailand |
|
|
|
|
|
|
|
|
|
|
1,677,779 |
|
|
|
1,677,779 |
|
Turkey |
|
|
65,031 |
|
|
|
184,756 |
|
|
|
|
|
|
|
249,787 |
|
United States |
|
|
3,446,917 |
|
|
|
|
|
|
|
|
|
|
|
3,446,917 |
|
All Other |
|
|
|
|
|
|
12,548,037 |
|
|
|
|
|
|
|
12,548,037 |
|
Preferred Stock |
|
|
|
|
|
|
772,330 |
|
|
|
|
|
|
|
772,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
12,239,752 |
|
|
$ |
28,366,341 |
|
|
$ |
1,678,368 |
|
|
$ |
42,284,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Emerging Markets Small-Cap: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China |
|
$ |
50,279 |
|
|
$ |
888,692 |
|
|
|
|
|
|
$ |
938,971 |
|
India |
|
|
264,083 |
|
|
|
789,238 |
|
|
|
|
|
|
|
1,053,321 |
|
Korea (Republic of) |
|
|
244,228 |
|
|
|
756,595 |
|
|
|
|
|
|
|
1,000,823 |
|
Mexico |
|
|
356,681 |
|
|
|
|
|
|
|
|
|
|
|
356,681 |
|
Poland |
|
|
29,399 |
|
|
|
50,047 |
|
|
|
|
|
|
|
79,446 |
|
Russian Federation |
|
|
71,783 |
|
|
|
|
|
|
$ |
35,860 |
|
|
|
107,643 |
|
South Africa |
|
|
182,325 |
|
|
|
165,445 |
|
|
|
|
|
|
|
347,770 |
|
Thailand |
|
|
|
|
|
|
|
|
|
|
367,492 |
|
|
|
367,492 |
|
Turkey |
|
|
113,054 |
|
|
|
337,796 |
|
|
|
|
|
|
|
450,850 |
|
All Other |
|
|
|
|
|
|
3,031,313 |
|
|
|
|
|
|
|
3,031,313 |
|
Preferred Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil |
|
|
|
|
|
|
280,851 |
|
|
|
|
|
|
|
280,851 |
|
Russian Federation |
|
|
|
|
|
|
|
|
|
|
82,239 |
|
|
|
82,239 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
1,311,832 |
|
|
$ |
6,299,977 |
|
|
$ |
485,591 |
|
|
$ |
8,097,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Emerging Markets SRI Debt: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sovereign Debt Obligations |
|
|
|
|
|
$ |
16,905,919 |
|
|
|
|
|
|
$ |
16,905,919 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
1,909,074 |
|
|
|
|
|
|
|
1,909,074 |
|
Corporate Bonds & Notes |
|
|
|
|
|
|
515,313 |
|
|
|
|
|
|
|
515,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,330,306 |
|
|
|
|
|
|
|
19,330,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Exchange Contracts |
|
|
|
|
|
|
5,072 |
|
|
|
|
|
|
|
5,072 |
|
Interest Rate Contracts |
|
$ |
7,929 |
|
|
|
|
|
|
|
|
|
|
|
7,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,929 |
|
|
|
5,072 |
|
|
|
|
|
|
|
13,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Exchange Contracts |
|
|
|
|
|
|
(50,082 |
) |
|
|
|
|
|
|
(50,082 |
) |
Interest Rate Contracts |
|
|
(32,531 |
) |
|
|
|
|
|
|
|
|
|
|
(32,531 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(32,531 |
) |
|
|
(50,082 |
) |
|
|
|
|
|
|
(82,613 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
(24,602 |
) |
|
$ |
19,285,296 |
|
|
|
|
|
|
$ |
19,260,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Floating Rate Note: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes |
|
|
|
|
|
$ |
10,436,255 |
|
|
|
|
|
|
$ |
10,436,255 |
|
Mortgage-Backed Securities |
|
|
|
|
|
|
1,714,357 |
|
|
|
|
|
|
|
1,714,357 |
|
Asset-Backed Securities |
|
|
|
|
|
|
687,169 |
|
|
|
|
|
|
|
687,169 |
|
Sovereign Debt Obligations |
|
|
|
|
|
|
201,286 |
|
|
|
|
|
|
|
201,286 |
|
U.S. Government Agency Securities |
|
|
|
|
|
|
39,870 |
|
|
|
|
|
|
|
39,870 |
|
Repurchase Agreements |
|
|
|
|
|
|
179,000 |
|
|
|
|
|
|
|
179,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,257,937 |
|
|
|
|
|
|
|
13,257,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Exchange Contracts |
|
|
|
|
|
|
1,871 |
|
|
|
|
|
|
|
1,871 |
|
Interest Rate Contracts |
|
$ |
8,991 |
|
|
|
|
|
|
|
|
|
|
|
8,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,991 |
|
|
|
1,871 |
|
|
|
|
|
|
|
10,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Exchange Contracts |
|
|
|
|
|
|
(21,270 |
) |
|
|
|
|
|
|
(21,270 |
) |
Interest Rate Contracts |
|
|
(406 |
) |
|
|
|
|
|
|
|
|
|
|
(406 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(406 |
) |
|
|
(21,270 |
) |
|
|
|
|
|
|
(21,676 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
8,585 |
|
|
$ |
13,238,538 |
|
|
|
|
|
|
$ |
13,247,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Global Dynamic Allocation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Austria |
|
$ |
24,671 |
|
|
$ |
101,855 |
|
|
|
|
|
|
$ |
126,526 |
|
Belgium |
|
|
33,716 |
|
|
|
66,466 |
|
|
|
|
|
|
|
100,182 |
|
Bermuda |
|
|
53,897 |
|
|
|
|
|
|
|
|
|
|
|
53,897 |
|
Brazil |
|
|
9,078 |
|
|
|
157,517 |
|
|
|
|
|
|
|
166,595 |
|
Canada |
|
|
1,134,413 |
|
|
|
|
|
|
|
|
|
|
|
1,134,413 |
|
Chile |
|
|
12,125 |
|
|
|
36,634 |
|
|
|
|
|
|
|
48,759 |
|
China |
|
|
271,485 |
|
|
|
1,272,788 |
|
|
|
|
|
|
|
1,544,273 |
|
Czech Republic |
|
|
78,375 |
|
|
|
45,761 |
|
|
|
|
|
|
|
124,136 |
|
Denmark |
|
|
121,772 |
|
|
|
15,389 |
|
|
|
|
|
|
|
137,161 |
|
Finland |
|
|
89,461 |
|
|
|
98,034 |
|
|
|
|
|
|
|
187,495 |
|
France |
|
|
99,609 |
|
|
|
1,149,840 |
|
|
|
|
|
|
|
1,249,449 |
|
Germany |
|
|
131,036 |
|
|
|
631,472 |
|
|
|
|
|
|
|
762,508 |
|
Ireland |
|
|
88,151 |
|
|
|
24,948 |
|
|
|
|
|
|
|
113,099 |
|
Israel |
|
|
20,227 |
|
|
|
184,849 |
|
|
|
|
|
|
|
205,076 |
|
Italy |
|
|
55,279 |
|
|
|
438,351 |
|
|
|
|
|
|
|
493,630 |
|
Japan |
|
|
26,395 |
|
|
|
3,674,998 |
|
|
|
|
|
|
|
3,701,393 |
|
Korea (Republic of) |
|
|
109,686 |
|
|
|
496,740 |
|
|
|
|
|
|
|
606,426 |
|
Malaysia |
|
|
54,947 |
|
|
|
214,099 |
|
|
|
|
|
|
|
269,046 |
|
Mexico |
|
|
176,380 |
|
|
|
|
|
|
|
|
|
|
|
176,380 |
|
Morocco |
|
|
4,068 |
|
|
|
|
|
|
|
|
|
|
|
4,068 |
|
Netherlands |
|
|
48,058 |
|
|
|
373,604 |
|
|
|
|
|
|
|
421,662 |
|
New Zealand |
|
|
85,762 |
|
|
|
106,975 |
|
|
|
|
|
|
|
192,737 |
|
Norway |
|
|
57,755 |
|
|
|
189,660 |
|
|
|
|
|
|
|
247,415 |
|
Peru |
|
|
37,775 |
|
|
|
|
|
|
|
|
|
|
|
37,775 |
|
Philippines |
|
|
70,447 |
|
|
|
50,561 |
|
|
|
|
|
|
|
121,008 |
|
Singapore |
|
|
46,841 |
|
|
|
292,407 |
|
|
|
|
|
|
|
339,248 |
|
Spain |
|
|
16,648 |
|
|
|
242,042 |
|
|
|
|
|
|
|
258,690 |
|
Sweden |
|
|
51,706 |
|
|
|
159,390 |
|
|
|
|
|
|
|
211,096 |
|
Switzerland |
|
|
8,716 |
|
|
|
1,006,773 |
|
|
|
|
|
|
|
1,015,489 |
|
Taiwan |
|
|
63,841 |
|
|
|
1,289,346 |
|
|
|
|
|
|
|
1,353,187 |
|
Thailand |
|
|
|
|
|
|
|
|
|
$ |
412,170 |
|
|
|
412,170 |
|
Turkey |
|
|
19,838 |
|
|
|
161,407 |
|
|
|
|
|
|
|
181,245 |
|
United Kingdom |
|
|
223,576 |
|
|
|
1,021,960 |
|
|
|
|
|
|
|
1,245,536 |
|
United States |
|
|
20,643,491 |
|
|
|
|
|
|
|
|
|
|
|
20,643,491 |
|
All Other |
|
|
|
|
|
|
1,454,211 |
|
|
|
|
|
|
|
1,454,211 |
|
Corporate Bonds & Notes |
|
|
|
|
|
|
34,548,089 |
|
|
|
|
|
|
|
34,548,089 |
|
Mutual Funds |
|
|
31,005,788 |
|
|
|
|
|
|
|
|
|
|
|
31,005,788 |
|
Exchange-Traded Funds |
|
|
14,301,323 |
|
|
|
|
|
|
|
|
|
|
|
14,301,323 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
1,752,310 |
|
|
|
|
|
|
|
1,752,310 |
|
Preferred Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil |
|
|
|
|
|
|
68,286 |
|
|
|
|
|
|
|
68,286 |
|
Colombia |
|
|
|
|
|
|
53,158 |
|
|
|
|
|
|
|
53,158 |
|
Germany |
|
|
|
|
|
|
22,481 |
|
|
|
|
|
|
|
22,481 |
|
Korea (Republic of) |
|
|
|
|
|
|
61,429 |
|
|
|
|
|
|
|
61,429 |
|
All Other |
|
|
318,272 |
|
|
|
|
|
|
|
|
|
|
|
318,272 |
|
Rights: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Morocco |
|
|
|
|
|
|
|
|
|
|
119 |
|
|
|
119 |
|
Spain |
|
|
880 |
|
|
|
|
|
|
|
|
|
|
|
880 |
|
Repurchase Agreements |
|
|
|
|
|
|
5,521,000 |
|
|
|
|
|
|
|
5,521,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
69,595,488 |
|
|
|
56,984,830 |
|
|
|
412,289 |
|
|
|
126,992,607 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Interest Rate Contracts |
|
|
185 |
|
|
|
|
|
|
|
|
|
|
|
185 |
|
Market Price |
|
|
390,858 |
|
|
|
|
|
|
|
|
|
|
|
390,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
391,043 |
|
|
|
|
|
|
|
|
|
|
|
391,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Credit Contracts |
|
|
|
|
|
|
(27,602 |
) |
|
|
|
|
|
|
(27,602 |
) |
Interest Rate Contracts |
|
|
(140,643 |
) |
|
|
|
|
|
|
|
|
|
|
(140,643 |
) |
Market Price |
|
|
(82,479 |
) |
|
|
|
|
|
|
|
|
|
|
(82,479 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(223,122 |
) |
|
|
(27,602 |
) |
|
|
|
|
|
|
(250,724 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
69,763,409 |
|
|
$ |
56,957,228 |
|
|
$ |
412,289 |
|
|
$ |
127,132,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Global High Yield: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Corporate Bonds & Notes |
|
|
|
|
|
$ |
24,163,824 |
|
|
|
|
|
|
$ |
24,163,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
|
|
|
|
5,567 |
|
|
|
|
|
|
|
5,567 |
|
Interest Rate Contracts |
|
$ |
6,242 |
|
|
|
|
|
|
|
|
|
|
|
6,242 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,242 |
|
|
|
5,567 |
|
|
|
|
|
|
|
11,809 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
|
|
|
|
(62,916 |
) |
|
|
|
|
|
|
(62,916 |
) |
Market Price |
|
|
(5,590 |
) |
|
|
|
|
|
|
|
|
|
|
(5,590 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5,590 |
) |
|
|
(62,916 |
) |
|
|
|
|
|
|
(68,506 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
652 |
|
|
$ |
24,106,475 |
|
|
|
|
|
|
$ |
24,107,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Global Sustainability: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Australia |
|
|
|
|
|
$ |
2,632,724 |
|
|
|
|
|
|
$ |
2,632,724 |
|
Denmark |
|
|
|
|
|
|
2,443,355 |
|
|
|
|
|
|
|
2,443,355 |
|
France |
|
|
|
|
|
|
4,079,115 |
|
|
|
|
|
|
|
4,079,115 |
|
Germany |
|
$ |
4,107,567 |
|
|
|
8,237,447 |
|
|
|
|
|
|
|
12,345,014 |
|
Hong Kong |
|
|
|
|
|
|
1,977,377 |
|
|
|
|
|
|
|
1,977,377 |
|
Japan |
|
|
|
|
|
|
7,102,594 |
|
|
|
|
|
|
|
7,102,594 |
|
Korea (Republic of) |
|
|
5,965 |
|
|
|
2,673,416 |
|
|
|
|
|
|
|
2,679,381 |
|
Spain |
|
|
|
|
|
|
6,386,867 |
|
|
|
|
|
|
|
6,386,867 |
|
Sweden |
|
|
|
|
|
|
6,408,531 |
|
|
|
|
|
|
|
6,408,531 |
|
Switzerland |
|
|
|
|
|
|
6,368,460 |
|
|
|
|
|
|
|
6,368,460 |
|
United Kingdom |
|
|
|
|
|
|
18,062,368 |
|
|
|
|
|
|
|
18,062,368 |
|
All Other |
|
|
94,991,499 |
|
|
|
|
|
|
|
|
|
|
|
94,991,499 |
|
Repurchase Agreements |
|
|
|
|
|
|
3,782,000 |
|
|
|
|
|
|
|
3,782,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
99,105,031 |
|
|
$ |
70,154,254 |
|
|
|
|
|
|
$ |
169,259,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Green Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Corporate Bonds & Notes |
|
|
|
|
|
$ |
28,279,028 |
|
|
|
|
|
|
$ |
28,279,028 |
|
Sovereign Debt Obligations |
|
|
|
|
|
|
5,683,023 |
|
|
|
|
|
|
|
5,683,023 |
|
Repurchase Agreements |
|
|
|
|
|
|
724,000 |
|
|
|
|
|
|
|
724,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,686,051 |
|
|
|
|
|
|
|
34,686,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Interest Rate Contracts |
|
$ |
25,931 |
|
|
|
|
|
|
|
|
|
|
|
25,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Foreign Exchange Contracts |
|
|
|
|
|
|
(169,527 |
) |
|
|
|
|
|
|
(169,527 |
) |
Interest Rate Contracts |
|
|
(48,690 |
) |
|
|
|
|
|
|
|
|
|
|
(48,690 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(48,690 |
) |
|
|
(169,527 |
) |
|
|
|
|
|
|
(218,217 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
(22,759 |
) |
|
$ |
34,516,524 |
|
|
|
|
|
|
$ |
34,493,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI High Yield Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Corporate Bonds & Notes: |
|
Diversified Financial Services |
|
|
|
|
|
$ |
5,564,940 |
|
|
$ |
1,292,659 |
|
|
$ |
6,857,599 |
|
Media |
|
|
|
|
|
|
11,203,436 |
|
|
|
3 |
|
|
|
11,203,439 |
|
All Other |
|
|
|
|
|
|
89,500,432 |
|
|
|
|
|
|
|
89,500,432 |
|
Preferred Stock |
|
|
|
|
|
|
|
|
|
|
6,161,706 |
|
|
|
6,161,706 |
|
Common Stock |
|
|
|
|
|
|
|
|
|
|
54,792 |
|
|
|
54,792 |
|
Warrants |
|
|
|
|
|
|
|
|
|
|
30,833 |
|
|
|
30,833 |
|
Repurchase Agreements |
|
|
|
|
|
|
913,000 |
|
|
|
|
|
|
|
913,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
|
|
|
|
$ |
107,181,808 |
|
|
$ |
7,539,993 |
|
|
$ |
114,721,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI International Small-Cap: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Austria |
|
$ |
1,635,454 |
|
|
$ |
2,820,005 |
|
|
|
|
|
|
$ |
4,455,459 |
|
Denmark |
|
|
2,501,052 |
|
|
|
|
|
|
|
|
|
|
|
2,501,052 |
|
Finland |
|
|
934,539 |
|
|
|
|
|
|
|
|
|
|
|
934,539 |
|
Germany |
|
|
2,670,662 |
|
|
|
6,025,332 |
|
|
|
|
|
|
|
8,695,994 |
|
Ireland |
|
|
1,354,250 |
|
|
|
|
|
|
|
|
|
|
|
1,354,250 |
|
Sweden |
|
|
1,409,280 |
|
|
|
1,481,066 |
|
|
|
|
|
|
|
2,890,346 |
|
Switzerland |
|
|
1,476,519 |
|
|
|
4,116,486 |
|
|
|
|
|
|
|
5,593,005 |
|
Thailand |
|
|
|
|
|
|
|
|
|
$ |
405,085 |
|
|
|
405,085 |
|
United Kingdom |
|
|
3,124,922 |
|
|
|
12,258,615 |
|
|
|
|
|
|
|
15,383,537 |
|
All Other |
|
|
|
|
|
|
53,545,083 |
|
|
|
|
|
|
|
53,545,083 |
|
Preferred Stock |
|
|
|
|
|
|
1,028,523 |
|
|
|
|
|
|
|
1,028,523 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,106,678 |
|
|
|
81,275,110 |
|
|
|
405,085 |
|
|
|
96,786,873 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Assets |
|
Foreign Exchange Contracts |
|
|
|
|
|
|
270 |
|
|
|
|
|
|
|
270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
15,106,678 |
|
|
$ |
81,275,380 |
|
|
$ |
405,085 |
|
|
$ |
96,787,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Micro Cap: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock |
|
$ |
18,152,837 |
|
|
|
|
|
|
|
|
|
|
$ |
18,152,837 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
266,000 |
|
|
|
|
|
|
|
266,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
18,152,837 |
|
|
$ |
266,000 |
|
|
|
|
|
|
$ |
18,418,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI NFJ Emerging Markets Value: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Brazil |
|
$ |
2,310,562 |
|
|
$ |
4,952,395 |
|
|
|
|
|
|
$ |
7,262,957 |
|
Chile |
|
|
421,523 |
|
|
|
|
|
|
|
|
|
|
|
421,523 |
|
China |
|
|
8,873,407 |
|
|
|
28,632,575 |
|
|
|
|
|
|
|
37,505,982 |
|
France |
|
|
777,784 |
|
|
|
1,368,057 |
|
|
|
|
|
|
|
2,145,841 |
|
India |
|
|
2,791,283 |
|
|
|
6,666,554 |
|
|
|
|
|
|
|
9,457,837 |
|
Korea (Republic of) |
|
|
1,297,756 |
|
|
|
5,896,687 |
|
|
|
|
|
|
|
7,194,443 |
|
Malaysia |
|
|
772,644 |
|
|
|
751,567 |
|
|
|
|
|
|
|
1,524,211 |
|
Mexico |
|
|
2,663,589 |
|
|
|
|
|
|
|
|
|
|
|
2,663,589 |
|
Peru |
|
|
844,287 |
|
|
|
|
|
|
|
|
|
|
|
844,287 |
|
Poland |
|
|
502,242 |
|
|
|
|
|
|
|
|
|
|
|
502,242 |
|
Russian Federation |
|
|
3,313,952 |
|
|
|
|
|
|
$ |
1,613,782 |
|
|
|
4,927,734 |
|
Saudi Arabia |
|
|
572,140 |
|
|
|
|
|
|
|
|
|
|
|
572,140 |
|
South Africa |
|
|
1,402,410 |
|
|
|
1,990,954 |
|
|
|
|
|
|
|
3,393,364 |
|
Taiwan |
|
|
1,206,679 |
|
|
|
12,299,477 |
|
|
|
|
|
|
|
13,506,156 |
|
United Kingdom |
|
|
557,807 |
|
|
|
458,447 |
|
|
|
|
|
|
|
1,016,254 |
|
United States |
|
|
3,499,838 |
|
|
|
|
|
|
|
|
|
|
|
3,499,838 |
|
All Other |
|
|
|
|
|
|
14,655,169 |
|
|
|
|
|
|
|
14,655,169 |
|
Preferred Stock |
|
|
|
|
|
|
4,453,052 |
|
|
|
|
|
|
|
4,453,052 |
|
Repurchase Agreements |
|
|
|
|
|
|
328,000 |
|
|
|
|
|
|
|
328,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
31,807,903 |
|
|
$ |
82,452,934 |
|
|
$ |
1,613,782 |
|
|
$ |
115,874,619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI PerformanceFee Managed Futures Strategy: |
|
Investments in SecuritiesAssets |
|
U.S. Treasury Obligations |
|
|
|
|
|
$ |
24,777,156 |
|
|
|
|
|
|
$ |
24,777,156 |
|
Mutual Funds |
|
$ |
1,432,317 |
|
|
|
|
|
|
|
|
|
|
|
1,432,317 |
|
Repurchase Agreements |
|
|
|
|
|
|
958,000 |
|
|
|
|
|
|
|
958,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,432,317 |
|
|
|
25,735,156 |
|
|
|
|
|
|
|
27,167,473 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments* Assets |
|
Commodity Contracts |
|
|
266,112 |
|
|
|
|
|
|
|
|
|
|
|
266,112 |
|
Credit Contracts |
|
|
|
|
|
|
256,328 |
|
|
|
|
|
|
|
256,328 |
|
Foreign Exchange Contracts |
|
|
9,023 |
|
|
|
|
|
|
|
|
|
|
|
9,023 |
|
Interest Rate Contracts |
|
|
11,912 |
|
|
|
|
|
|
|
|
|
|
|
11,912 |
|
Market Price |
|
|
135,163 |
|
|
|
|
|
|
|
|
|
|
|
135,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
422,210 |
|
|
|
256,328 |
|
|
|
|
|
|
|
678,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments* Liabilities |
|
Commodity Contracts |
|
|
(484,900 |
) |
|
|
|
|
|
|
|
|
|
|
(484,900 |
) |
Foreign Exchange Contracts |
|
|
(315,137 |
) |
|
|
|
|
|
|
|
|
|
|
(315,137 |
) |
Interest Rate Contracts |
|
|
(222,554 |
) |
|
|
|
|
|
|
|
|
|
|
(222,554 |
) |
Market Price |
|
|
(89,192 |
) |
|
|
|
|
|
|
|
|
|
|
(89,192 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,111,783 |
) |
|
|
|
|
|
|
|
|
|
|
(1,111,783 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
742,744 |
|
|
$ |
25,991,484 |
|
|
|
|
|
|
$ |
26,734,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI PerformanceFee Structured US Equity: |
|
Investments in SecuritiesAssets |
|
Exchange-Traded Funds |
|
$ |
98,357,407 |
|
|
|
|
|
|
|
|
|
|
$ |
98,357,407 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
852,000 |
|
|
|
|
|
|
|
852,000 |
|
Options Purchased: |
|
Market Price |
|
|
553,072 |
|
|
|
145,354 |
|
|
|
|
|
|
|
698,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98,910,479 |
|
|
|
997,354 |
|
|
|
|
|
|
|
99,907,833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesLiabilities |
|
Options Written: |
|
Market Price |
|
|
(460,005 |
) |
|
|
(113,935 |
) |
|
|
|
|
|
|
(573,940 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
98,450,474 |
|
|
$ |
883,419 |
|
|
|
|
|
|
$ |
99,333,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI PerformanceFee Structured US Fixed Income: |
|
Investments in SecuritiesAssets |
|
Exchange-Traded Funds |
|
$ |
9,114,443 |
|
|
|
|
|
|
|
|
|
|
$ |
9,114,443 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
123,000 |
|
|
|
|
|
|
|
123,000 |
|
Options Purchased: |
|
Market Price |
|
|
105 |
|
|
|
|
|
|
|
|
|
|
|
105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,114,548 |
|
|
|
123,000 |
|
|
|
|
|
|
|
9,237,548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesLiabilities |
|
Options Written: |
|
Market Price |
|
|
(10,779 |
) |
|
|
(9,292 |
) |
|
|
|
|
|
|
(20,071 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
9,103,769 |
|
|
$ |
113,708 |
|
|
|
|
|
|
$ |
9,217,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Preferred Securities and Income: |
|
Investments in SecuritiesAssets |
|
Corporate Bonds & Notes |
|
|
|
|
|
$ |
13,986,838 |
|
|
|
|
|
|
$ |
13,986,838 |
|
Preferred Stock |
|
$ |
3,561,798 |
|
|
|
|
|
|
|
|
|
|
|
3,561,798 |
|
Repurchase Agreements |
|
|
|
|
|
|
639,000 |
|
|
|
|
|
|
|
639,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,561,798 |
|
|
|
14,625,838 |
|
|
|
|
|
|
|
18,187,636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments*Liabilities |
|
Interest Rate Contracts |
|
|
(1,081 |
) |
|
|
|
|
|
|
|
|
|
|
(1,081 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
3,560,717 |
|
|
$ |
14,625,838 |
|
|
|
|
|
|
$ |
18,186,555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Short Duration High Income: |
|
Investments in SecuritiesAssets |
|
Corporate Bonds & Notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coal |
|
|
|
|
|
|
|
|
|
$ |
3,091,492 |
|
|
$ |
3,091,492 |
|
All Other |
|
|
|
|
|
$ |
1,277,911,152 |
|
|
|
|
|
|
|
1,277,911,152 |
|
Senior Loans |
|
|
|
|
|
|
112,262,725 |
|
|
|
|
|
|
|
112,262,725 |
|
Asset-Backed Securities |
|
|
|
|
|
|
|
|
|
|
2,060,992 |
|
|
|
2,060,992 |
|
Repurchase Agreements |
|
|
|
|
|
|
142,147,000 |
|
|
|
|
|
|
|
142,147,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
|
|
|
|
$ |
1,532,320,877 |
|
|
$ |
5,152,484 |
|
|
$ |
1,537,473,361 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Short Term Bond: |
|
Investments in SecuritiesAssets |
|
Corporate Bonds & Notes |
|
|
|
|
|
$ |
10,493,537 |
|
|
|
|
|
|
$ |
10,493,537 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
1,657,929 |
|
|
|
|
|
|
|
1,657,929 |
|
U.S. Government Agency Securities |
|
|
|
|
|
|
673,254 |
|
|
|
|
|
|
|
673,254 |
|
Repurchase Agreements |
|
|
|
|
|
|
388,000 |
|
|
|
|
|
|
|
388,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
|
|
|
|
$ |
13,212,720 |
|
|
|
|
|
|
$ |
13,212,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Structured Return: |
|
Investments in SecuritiesAssets |
|
Exchange-Traded Funds |
|
$ |
549,508,000 |
|
|
|
|
|
|
|
|
|
|
$ |
549,508,000 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
131,459,000 |
|
|
|
|
|
|
|
131,459,000 |
|
Options Purchased: |
|
Market Price |
|
|
4,854,559 |
|
|
|
1,468,400 |
|
|
|
|
|
|
|
6,322,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
554,362,559 |
|
|
|
132,927,400 |
|
|
|
|
|
|
|
687,289,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesLiabilities |
|
Options Written: |
|
Market Price |
|
|
(72,376,828 |
) |
|
|
(1,209,614 |
) |
|
|
|
|
|
|
(73,586,442 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
481,985,731 |
|
|
$ |
131,717,786 |
|
|
|
|
|
|
$ |
613,703,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI U.S. Equity Hedged: |
|
Investments in SecuritiesAssets |
|
Exchange-Traded Funds |
|
$ |
2,376,936 |
|
|
|
|
|
|
|
|
|
|
$ |
2,376,936 |
|
Options Purchased: |
|
Market Price |
|
|
8,600 |
|
|
$ |
4,960 |
|
|
|
|
|
|
|
13,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,385,536 |
|
|
|
4,960 |
|
|
|
|
|
|
|
2,390,496 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesLiabilities |
|
Options Written: |
|
Market Price |
|
|
(7,995 |
) |
|
|
|
|
|
|
|
|
|
|
(7,995 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
2,377,541 |
|
|
$ |
4,960 |
|
|
|
|
|
|
$ |
2,382,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AllianzGI Ultra Micro Cap: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock |
|
$ |
15,239,228 |
|
|
|
|
|
|
|
|
|
|
$ |
15,239,228 |
|
Repurchase Agreements |
|
|
|
|
|
$ |
100,000 |
|
|
|
|
|
|
|
100,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
15,239,228 |
|
|
$ |
100,000 |
|
|
|
|
|
|
$ |
15,339,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices |
|
|
Level 2 - Other Significant Observable Inputs |
|
|
Level 3 - Significant Unobservable Inputs |
|
|
Value at 12/31/19 |
|
AllianzGI Water: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Austria |
|
|
|
|
|
$ |
8,770,695 |
|
|
|
|
|
|
$ |
8,770,695 |
|
Brazil |
|
|
|
|
|
|
22,120,266 |
|
|
|
|
|
|
|
22,120,266 |
|
China |
|
|
|
|
|
|
15,121,535 |
|
|
|
|
|
|
|
15,121,535 |
|
Finland |
|
|
|
|
|
|
2,536,027 |
|
|
|
|
|
|
|
2,536,027 |
|
France |
|
|
|
|
|
|
63,072,251 |
|
|
|
|
|
|
|
63,072,251 |
|
Netherlands |
|
|
|
|
|
|
11,293,547 |
|
|
|
|
|
|
|
11,293,547 |
|
Sweden |
|
|
|
|
|
|
22,936,473 |
|
|
|
|
|
|
|
22,936,473 |
|
Switzerland |
|
|
|
|
|
|
40,961,659 |
|
|
|
|
|
|
|
40,961,659 |
|
United Kingdom |
|
$ |
15,610,060 |
|
|
|
74,318,343 |
|
|
|
|
|
|
|
89,928,403 |
|
All Other |
|
|
370,514,330 |
|
|
|
|
|
|
|
|
|
|
|
370,514,330 |
|
Repurchase Agreements |
|
|
|
|
|
|
6,905,000 |
|
|
|
|
|
|
|
6,905,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
386,124,390 |
|
|
$ |
268,035,796 |
|
|
|
|
|
|
$ |
654,160,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A roll forward of fair value measurements using significant unobservable inputs (Level 3) for the three months ended
December 31, 2019, was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Best Styles Global Equity: |
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
China |
|
$ |
1,153 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(1,153 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Greece |
|
|
|
|
|
|
|
|
|
|
(1,069 |
) |
|
|
|
|
|
|
(386,601 |
) |
|
|
387,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Thailand |
|
|
1,829,586 |
|
|
|
|
|
|
|
(341,073 |
) |
|
|
|
|
|
|
7,758 |
|
|
|
35,346 |
|
|
|
|
|
|
|
|
|
|
|
1,531,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
1,830,739 |
|
|
$ |
|
|
|
$ |
(342,142 |
) |
|
$ |
|
|
|
$ |
(378,843 |
) |
|
$ |
421,863 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
1,531,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3** |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Best Styles International Equity: |
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Singapore |
|
$ |
12,112 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
663 |
|
|
$ |
9,758 |
|
|
$ |
|
|
|
$ |
22,533 |
|
Thailand |
|
|
63,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,797 |
) |
|
|
|
|
|
|
|
|
|
|
60,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
75,348 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(2,134 |
) |
|
$ |
9,758 |
|
|
$ |
|
|
|
$ |
82,972 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Convertible: |
|
Investments in SecuritiesAssets |
|
Convertible Bonds & Notes: |
|
Diversified Financial Services |
|
$ |
3,857,048 |
|
|
$ |
702,576 |
|
|
$ |
|
|
|
$ |
178 |
|
|
$ |
|
|
|
$ |
275,703 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
4,835,505 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Emerging Markets Consumer: |
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Philippines |
|
$ |
575 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
14 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
589 |
|
Thailand |
|
|
2,327,954 |
|
|
|
|
|
|
|
(655,187 |
) |
|
|
|
|
|
|
24,685 |
|
|
|
(19,673 |
) |
|
|
|
|
|
|
|
|
|
|
1,677,779 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
2,328,529 |
|
|
$ |
|
|
|
$ |
(655,187 |
) |
|
$ |
|
|
|
$ |
24,685 |
|
|
$ |
(19,659 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
1,678,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Emerging Markets Small-Cap: |
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
Russian Federation |
|
$ |
36,894 |
|
|
$ |
|
|
|
$ |
(2,318 |
) |
|
$ |
|
|
|
$ |
107 |
|
|
$ |
1,177 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
35,860 |
|
Thailand |
|
|
496,692 |
|
|
|
|
|
|
|
(131,138 |
) |
|
|
|
|
|
|
29,205 |
|
|
|
(27,267 |
) |
|
|
|
|
|
|
|
|
|
|
367,492 |
|
Preferred Stock: |
|
Russian Federation |
|
|
221,365 |
|
|
|
|
|
|
|
(142,069 |
) |
|
|
|
|
|
|
11,770 |
|
|
|
(8,827 |
) |
|
|
|
|
|
|
|
|
|
|
82,239 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
754,951 |
|
|
$ |
|
|
|
$ |
(275,525 |
) |
|
$ |
|
|
|
$ |
41,082 |
|
|
$ |
(34,917 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
485,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3** |
|
|
Transfers out of Level 3*** |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Global Dynamic Allocation: |
|
Investments in SecuritiesAssets |
|
Common Stock: |
|
China |
|
$ |
34 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(34 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Greece |
|
|
|
|
|
|
|
|
|
|
(273 |
) |
|
|
|
|
|
|
(98,895 |
) |
|
|
99,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Taiwan |
|
|
7,958 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,735 |
) |
|
|
|
|
|
|
(5,223 |
) |
|
|
|
|
Thailand |
|
|
410,024 |
|
|
|
|
|
|
|
(8,941 |
) |
|
|
|
|
|
|
7,286 |
|
|
|
(26,613 |
) |
|
|
30,414 |
|
|
|
|
|
|
|
412,170 |
|
Rights: |
|
Morocco |
|
|
|
|
|
|
119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
119 |
|
Singapore |
|
|
207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(207 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
418,223 |
|
|
$ |
119 |
|
|
$ |
(9,214 |
) |
|
$ |
|
|
|
$ |
(91,609 |
) |
|
$ |
69,579 |
|
|
$ |
30,414 |
|
|
$ |
(5,223 |
) |
|
$ |
412,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI High Yield Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Services |
|
$ |
126,445 |
|
|
$ |
|
|
|
$ |
(27,988 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
(98,457 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Diversified Financial Services |
|
|
1,447,756 |
|
|
|
158,197 |
|
|
|
|
|
|
|
6,510 |
|
|
|
|
|
|
|
(319,804 |
) |
|
|
|
|
|
|
|
|
|
|
1,292,659 |
|
Media |
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
|
Preferred Stock |
|
|
6,148,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,360 |
|
|
|
|
|
|
|
|
|
|
|
6,161,706 |
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense |
|
|
68,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13,670 |
) |
|
|
|
|
|
|
|
|
|
|
54,784 |
|
Banks |
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
Media |
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 |
|
Warrants: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising |
|
|
38,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7,406 |
) |
|
|
|
|
|
|
|
|
|
|
30,832 |
|
Media |
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
7,829,251 |
|
|
$ |
158,197 |
|
|
$ |
(27,988 |
) |
|
$ |
6,510 |
|
|
$ |
|
|
|
$ |
(425,977 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
7,539,993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI International Small-Cap: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Thailand |
|
$ |
494,789 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(89,704 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
405,085 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI NFJ Emerging Markets Value: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Russian Federation |
|
$ |
1,612,979 |
|
|
$ |
175,198 |
|
|
$ |
(413,083 |
) |
|
$ |
|
|
|
$ |
53,198 |
|
|
$ |
185,490 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
1,613,782 |
|
Rights: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Singapore |
|
|
3,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3,590 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
1,616,569 |
|
|
$ |
175,198 |
|
|
$ |
(413,083 |
) |
|
$ |
|
|
|
$ |
53,198 |
|
|
$ |
181,900 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
1,613,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance 9/30/19 |
|
|
Purchases |
|
|
Sales |
|
|
Accrued Discount (Premiums) |
|
|
Net Realized Gain (Loss) |
|
|
Net Change in Unrealized Appreciation/ Depreciation |
|
|
Transfers into Level 3 |
|
|
Transfers out of Level 3 |
|
|
Ending Balance 12/31/19 |
|
AllianzGI Short Duration High Income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coal |
|
$ |
|
|
|
$ |
21,775,626 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(18,684,134 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
3,091,492 |
|
Asset-Backed Securities |
|
|
|
|
|
|
14,517,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(12,456,092 |
) |
|
|
|
|
|
|
|
|
|
|
2,060,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ |
|
|
|
$ |
36,292,710 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(31,140,226 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
5,152,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The tables above may include Level 3 investments that are valued by brokers or independent pricing services.
The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair
value and categorized within Level 3 at December 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending Balance at 12/31/19 |
|
|
Valuation Technique Used |
|
Unobservable Inputs |
|
Input Values (Ranges) |
AllianzGI High Yield Bond: |
|
|
|
|
|
|
|
|
|
|
Investments in SecuritiesAssets |
Corporate Bonds & Notes |
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services |
|
$ |
1,292,659 |
|
|
Market and Company Comparables |
|
EV Multiples |
|
1.75x (0.38x - 5.16x) |
|
|
|
|
|
|
|
|
Illiquidity Discount |
|
20% |
Preferred Stock |
|
$ |
6,161,706 |
|
|
Market and Company Comparables |
|
EV Multiples |
|
0.90x (0.30x - 1.53x) |
|
|
|
|
|
|
|
|
Illiquidity Discount |
|
25% |
Common Stock |
|
$ |
54,784 |
|
|
Market and Company Comparables |
|
EV Multiples M&A Transaction Multiples |
|
0.68x (0.36x - 0.83x)
0.91x (0.38x - 2.12x) |
|
|
|
|
|
|
|
|
Illiquidity Discount |
|
40% |
Warrants |
|
$ |
30,832 |
|
|
Market and Company Comparables |
|
EV Multiples |
|
6.42x (1.21x - 27.11x)
6.39x (1.26x - 19.85x) |
|
|
|
|
|
|
Black-Sholes Model |
|
Expected Volatility |
|
26.52% |
|
|
|
|
|
|
|
|
Implied Price |
|
$52.24 |
The table above does not include Level 3 Investments that are valued by brokers or independent pricing services.
* |
Other financial instruments are derivatives, such as futures contracts, swap agreements and forward foreign currency contracts, which are
valued at the unrealized appreciation (depreciation) of the instrument. |
** |
Transferred out of Level 2 and into Level 3 due to an exchange traded closing price being unavailable or unreliable at
December 31, 2019. |
*** |
Transferred out of Level 3 and into Level 2 as a result of securities trading outside of the U.S. whose values were adjusted by the
application of a modeling tool at December 31, 2019. |
|
Issued or removed via corporate action. |
|
Actual amount rounds to less than $1. |
The net change in unrealized appreciation/depreciation of Level 3 investments which the following Funds
held at December 31, 2019 was:
|
|
|
|
|
AllianzGI Best Styles Global Equity |
|
$ |
44,675 |
|
AllianzGI Best Styles International Equity |
|
|
(2,117 |
) |
AllianzGI Convertible |
|
|
275,703 |
|
AllianzGI Emerging Markets Consumer |
|
|
20,734 |
|
AllianzGI Emerging Markets Small-Cap |
|
|
3,619 |
|
AllianzGI Global Dynamic Allocation |
|
|
(31,482 |
) |
AllianzGI High Yield Bond |
|
|
(453,964 |
) |
AllianzGI International Small-Cap |
|
|
(89,704 |
) |
AllianzGI NFJ Emerging Markets Value |
|
|
243,218 |
|
AllianzGI Short Duration High Income |
|
|
(31,140,226 |
) |
At December 31, 2019, the aggregate cost basis and the net unrealized appreciation (depreciation) of investments in
securities and other financial instruments for federal income tax purposes were:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal Tax Cost Basis(1) |
|
|
Unrealized Appreciation |
|
|
Unrealized Depreciation |
|
|
Net Unrealized Appreciation (Depreciation) |
|
AllianzGI Retirement 2020 |
|
$ |
15,333,069 |
|
|
$ |
123,607 |
|
|
$ |
39,577 |
|
|
$ |
84,030 |
|
AllianzGI Retirement 2025 |
|
|
20,121,429 |
|
|
|
173,855 |
|
|
|
42,582 |
|
|
|
131,273 |
|
AllianzGI Retirement 2030 |
|
|
28,445,723 |
|
|
|
278,347 |
|
|
|
54,295 |
|
|
|
224,052 |
|
AllianzGI Retirement 2035 |
|
|
22,631,391 |
|
|
|
367,774 |
|
|
|
62,710 |
|
|
|
305,064 |
|
AllianzGI Retirement 2040 |
|
|
25,576,458 |
|
|
|
620,032 |
|
|
|
67,957 |
|
|
|
552,075 |
|
AllianzGI Retirement 2045 |
|
|
15,345,608 |
|
|
|
462,323 |
|
|
|
57,314 |
|
|
|
405,009 |
|
AllianzGI Retirement 2050 |
|
|
22,943,409 |
|
|
|
675,175 |
|
|
|
109,865 |
|
|
|
565,310 |
|
AllianzGI Retirement 2055 |
|
|
11,678,165 |
|
|
|
320,269 |
|
|
|
61,403 |
|
|
|
258,866 |
|
AllianzGI Multi Asset Income |
|
|
20,818,870 |
|
|
|
737,986 |
|
|
|
121,910 |
|
|
|
616,076 |
|
AllianzGI Global Allocation |
|
|
309,722,060 |
|
|
|
12,508,657 |
|
|
|
3,569,653 |
|
|
|
8,939,004 |
|
AllianzGI Best Styles Global Equity |
|
|
193,649,289 |
|
|
|
39,790,607 |
|
|
|
13,809,779 |
|
|
|
25,980,828 |
|
AllianzGI Best Styles International Equity |
|
|
22,793,733 |
|
|
|
3,098,608 |
|
|
|
1,260,494 |
|
|
|
1,838,114 |
|
AllianzGI Best Styles U.S. Equity |
|
|
39,146,309 |
|
|
|
9,031,996 |
|
|
|
622,825 |
|
|
|
8,409,171 |
|
AllianzGI Convertible |
|
|
726,678,337 |
|
|
|
100,785,285 |
|
|
|
2,052,672 |
|
|
|
98,732,613 |
|
AllianzGI Core Bond |
|
|
37,019,052 |
|
|
|
420,359 |
|
|
|
207,455 |
|
|
|
212,904 |
|
AllianzGI Core Plus Bond |
|
|
63,750,543 |
|
|
|
744,351 |
|
|
|
398,796 |
|
|
|
345,555 |
|
AllianzGI Emerging Markets Consumer |
|
|
34,361,214 |
|
|
|
8,479,973 |
|
|
|
556,726 |
|
|
|
7,923,247 |
|
AllianzGI Emerging Markets Small-Cap |
|
|
6,714,834 |
|
|
|
1,688,697 |
|
|
|
306,131 |
|
|
|
1,382,566 |
|
AllianzGI Emerging Markets SRI Debt |
|
|
18,653,844 |
|
|
|
824,971 |
|
|
|
218,121 |
|
|
|
606,850 |
|
AllianzGI Floating Rate Note |
|
|
13,155,629 |
|
|
|
135,146 |
|
|
|
43,652 |
|
|
|
91,494 |
|
AllianzGI Global Dynamic Allocation |
|
|
118,676,013 |
|
|
|
10,862,322 |
|
|
|
2,405,409 |
|
|
|
8,456,913 |
|
AllianzGI Global High Yield |
|
|
23,344,167 |
|
|
|
914,270 |
|
|
|
151,310 |
|
|
|
762,960 |
|
AllianzGI Global Sustainability |
|
|
152,988,199 |
|
|
|
16,735,448 |
|
|
|
464,362 |
|
|
|
16,271,086 |
|
AllianzGI Green Bond |
|
|
34,321,439 |
|
|
|
507,612 |
|
|
|
335,286 |
|
|
|
172,326 |
|
AllianzGI High Yield Bond |
|
|
119,523,303 |
|
|
|
5,300,476 |
|
|
|
10,101,978 |
|
|
|
(4,801,502 |
) |
AllianzGI International Small-Cap |
|
|
80,167,692 |
|
|
|
19,525,013 |
|
|
|
2,905,562 |
|
|
|
16,619,451 |
|
AllianzGI Micro Cap |
|
|
13,115,850 |
|
|
|
5,966,700 |
|
|
|
663,713 |
|
|
|
5,302,987 |
|
AllianzGI NFJ Emerging Markets Value |
|
|
101,062,743 |
|
|
|
16,925,663 |
|
|
|
2,113,787 |
|
|
|
14,811,876 |
|
AllianzGI PerformanceFee Managed Futures Strategy |
|
|
27,154,225 |
|
|
|
693,964 |
|
|
|
1,113,961 |
|
|
|
(419,997 |
) |
AllianzGI PerformanceFee Structured US Equity |
|
|
88,557,632 |
|
|
|
11,099,732 |
|
|
|
323,471 |
|
|
|
10,776,261 |
|
AllianzGI PerformanceFee Structured US Fixed Income |
|
|
8,915,054 |
|
|
|
302,746 |
|
|
|
323 |
|
|
|
302,423 |
|
AllianzGI Preferred Securities and Income |
|
|
17,628,367 |
|
|
|
584,284 |
|
|
|
26,096 |
|
|
|
558,188 |
|
AllianzGI Short Duration High Income |
|
|
1,562,768,627 |
|
|
|
19,071,021 |
|
|
|
44,366,287 |
|
|
|
(25,295,266 |
) |
AllianzGI Short Term Bond |
|
|
13,090,288 |
|
|
|
153,760 |
|
|
|
31,328 |
|
|
|
122,432 |
|
AllianzGI Structured Return |
|
|
575,640,227 |
|
|
|
57,579,642 |
|
|
|
19,516,352 |
|
|
|
38,063,290 |
|
AllianzGI U.S. Equity Hedged |
|
|
1,807,711 |
|
|
|
622,065 |
|
|
|
47,275 |
|
|
|
574,790 |
|
AllianzGI Ultra Micro Cap |
|
|
10,378,942 |
|
|
|
5,498,804 |
|
|
|
538,518 |
|
|
|
4,960,286 |
|
AllianzGI Water |
|
|
474,411,937 |
|
|
|
187,305,352 |
|
|
|
7,557,103 |
|
|
|
179,748,249 |
|
(1) |
Differences, if any, between book and tax cost basis were attributable to wash sale loss deferrals and the differing treatment of bond premium
amortization. |